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So far, for everyone that has said yes it is possible, you seem to have a flip side of the coin as to why it isn't.
Ultimately, many of us know what the costs of starting paysites are in both reality and 'webmasterland' it just depends on which version of reality you want to go with...
Like I mentioned yesterday, the 50-100k price point for starting a new website today, with nothing else on hand is ridiculous, I know many paysite owners who have started on a shoestring budget that do well enough to survive off their paysites, meaning no second job, have a roof over the heads, clothes on their backs and food in their stomachs.
Define successful, for me any business venture that consistently turns a profit is successful, whether its online or a bricks and mortar offline business.
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