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We have a few affiliates who presumably make a full-time living(or a good enough income) off of us alone, so I'm sure they do rather well.
Like someone else mentioned, there's still a LOT of affiliates with links/galleries up pointing to nothing. That's not good.
With the few affiliate-related sites I've got up, I make a part-time living.. but I also don't put a lot of time into it.
I definitely think the potential is there if you know what you're doing and you're innovative. Stuff that worked in 2003 won't work in 2009. Stuff that works now won't work in 2011 either.
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