What Will Become of Blogging in 2009?

"Not enough money. Too many haters. A waste of time and energy. All hype no delivery."

The above are the reasons given by some A-list bloggers who are quitting the blogosphere. If you know TechCrunch, you'd be surprised to know that, Mike Arrington, the man behind it is taking some time off from blogging.  And the Newsweek writer who gained fame from his The Secret Diary of Steve Jobs blog, Dan Lyons, is also quitting.  Read more about this here and here

What do you think? Is blogging losing its glow?