Should you fear consumer media?

Today's rocketboom got me ranting....

I don't think that "real" media should be too concerned until your average joe can begin making a career from sydicating their own content.

Obviously, it is possible for a select few right now, but there are very few (I assume). Once jounalists can quit their jobs and leave the newsroom for their living room, i think they begin to be very very worried.

But as far as right now, I think the people that are afraid of it, don't fully understand consumer generated media and what it is all about. Once they do begin to understand it, they'll understand how big the fire is under their butts encouraging them to produce better content.