My personal experience in photography is closer to "99% of everything is crap". About 1 in 100 of my photos has the minimum level of artistry I want. That being said, about 1 in 1000 have really high impact. This jives with dschiptsov's comment about creative content on the 'net in general. I wonder if the power curve of quality of a some type of work compresses out to the high and low ends as the total number of works of that type grows.