Cre8asite Forums constantly is producing top notch forum threads that hit the SEM industry problems on the head. A recent post by Adrian (mod at cre8asite) named SES slammed by designers links to a two blog entries by two hard core designers, one at Eric Meyer's blog named Silly Expert Opinions which links to the blog entry that started this heated debate at compooter.org.
Also, I have deep respect to Danny Sullivan for going all out here. He has several comments at the links above. He has a true and deep affection for the SEM industry. Danny is doing everything in his power, IMO, to help the industries reputation and he should be commended.