Good time to start a niche site?

[inhouseseo]

I am wondering, with all the recent changes in the algorithm, is this a good time to start a niche  site?

I know this can be fairly subjective, depending on the niche. But, anyone think this is a good opportunity?

[KaneJamison]

Niche sites are like cherry trees: the best time to start one was 10 years ago. The second best time to start one is today.

That said, don't expect stellar results without putting in some hard work. Setting up a wordpress autoblog and commissioning 5 textbroker articles does not a business make...

You'd better have a good design, coupled with good content, and a non-spammy way to integrate affiliate products or other monetization methods, or you'll get mediocre results, because you won't stand a chance at building any good links.