100% true, but that is just the nature of the game. Just like the nature of Fire is to create heat, its unavoidable. The music game has been like what you mentioned since the beginning of time. Few people successful while the majority don't do so good. That will happen regardless of if its PMP, Taxi, BlazeTrak, etc. That isn't to say that the sites are completely useless. they are useful to the ones that are ready to use it. Google "Music, Consulting, Management" and you'll get thousands of "....Entertainments", and "...Music Groups..Managements", ready to take thousands of your dollars to "get you where you want to be...." IMO PMP is the light in the darkness that is producer/artist consulting.
As an A&R I would have loved to use PMP's interface when I was looking for records my artist rather then checking emails. Email dumps can get extremely messy especially when you're getting hundreds of submissions daily.
All PMP offers is a direct connection. After reading the site info, FAQ. There is no mention of full track analysis, guaranteed responses,etc. There is absolutely no over-selling going on. I'm actually surprised at how little of a "sale" there is.
Again, nature of the business. Should PMP be invite only, should provide a demo package before being accepted into membership. Because that would really be the only other way you could do it. And if you did that, then by that logic music stores should not sale microphones to people that can't sing, guitars to people that can't play...
I don't think PMP is even close. They have about 650 producers on there. Soundclick probably has at least 100,000.
I like the fact that PMP charges if not then it may as well just be another soundclick. The fee acts as a sort of filter. Wouldn't you say someone willing to bet $50-$400 on their career is more serious then someone that would never consider it. This is not to say that people that aren't on PMP are not serious. But it sure acts as a great filter to people that aren't. I mean do you think someone that just downloaded FL studio 2 nights prior should really be submitting beats to akon? PMP really does make the A&R's job a lot easier.