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It absolutely is. Reddit was at its best when it was essentially a hub for random guru sites and insights into people's lives - the big subreddits, especially the defaults have been getting all the attention and advertising revenue, but the real gold has been down in the niche communities. And now it looks like they're moving to stomp out all that individuality and make the whole site into a series of ugly identikit pages serving up a bland paste that appeals to advertisers and investors.
And, coincidentally, here I am experimenting on Hubski all of a sudden, and I'm probably not the only person in this boat...