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I found it profitable to build on both hosted domains and freehosted sites. One does not make the other irrelevant.
Twan's stuff was really helpful and I would have paid a lot for his network, had he sold, rather than just quitting.
mikesinner if you would like some hosting for blogs, in the style of the freehosts, please drop me a line at spookycash [at] gothicsluts.com Some folks on GFY just don't get the power of blogging. If you have a domain, I would also be happy to barter with you, so you can get your own domain hosted as well.
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