Indie rock has become much more accessible, which I think is great--but now Indie has become a genre in and of itself--the music all begins to start the same, despite the fact that the term "indie" technically means that it is music produced on an independent label (that most likely would allow more creative rein). So many bands now spring up, knowing that they can eliminate the middleman and build a fanbase online without having to hire someone with the connections to book shows right away, I think it sort of dilutes the pool of talent.
Some would argue that this is the "mass of mediocrity" effect of the internet, but it actually takes a lot more now for a band to become popular and be lucrative. Like anything else on the internet, only things that are particularly noteworthy or interesting (not necessarily for lofty artistic reasons) catch the public eye.
I thought it was interesting that for each of the bands that played, the first search result on Google was their Myspace music page. I kind of forgot it existed

