That certainly seems to be the consensus on the mining forums I'm following. /r/EtherMining is now inundated with people who lack the very basic skills needed to assemble a computer and run mining software, but are attracted to the prospect of free money. Many of those people also lack the ability to do basic arithmetic and the sense to realize that the only way they will turn a profit is if the USD value of ETH rises sharply -- and that if that happens they'd be better off in any case just buying ETH now instead of blowing $2000 - 3000 on equipment.
