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It's over saturated for only two types of webmasters.
1. New webmasters who haven't made it yet, don't have much talent, and never will make it as a result of the large talent pool. Many times these indviduals become so delirious of their "pending success" that they can't even see how bad their sites are, or simply refuse to accept it.
2. Old webmasters who have been successful, but only because of a previously small talent pool and are now slowly being phased out little by little. That's why so many of these guys are now scamming surfers and/or webmasters. It's their desperate attempt to suplement lost income caused by their overall lack of talent by today's standards.
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