From personal experience - I would say - YES! The party is over. Adsense money wont come easy. But if you are new to the internet writing - make money by online writing - breed, the news is good. The implementation of Google Panda must have thrown up so many orphaned keywords. All the keywords and SEOed content by content farms - would be working minimally. So just identify a niche - do some quality writing - and grab that space! There is money to be made out there. The good thing is trash, duplicate content - is not going to make that money.
For me it has been a very disappointing month at Xomba. Xomba has done a 360 degree turn. No writing for money. However, is there still money to be made at Xomba? I think so. Lists are all the rage. Xomba still gets good eyeballs - so if you write for Xomba - make use of lists and reviews. And wait.
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