This has been discussed on HN about three years ago: http://news.ycombinator.com/item?id=453645
The answer then was mostly yes. I wonder if the HN community still thinks the same. I was intrigued by a recent article by Tom Anderson, MySpace founder ( http://techcrunch.com/2011/09/30/technology-advancing-art-photo-apps/ ). Quoting Tom,
"According to one estimate, 10 percent of all the photos ever taken were photgraphed in just the last year. (Worth the read here [1]) We are just at the beginning of the photo explosion. A company designed to serve different aspects of this trend can still be a great idea, and will be for quite awhile, I suspect."
So let me ask this again.
Do you think there is room for a new picture sharing site?
[1] http://1000memories.com/blog/94-number-of-photos-ever-taken-digital-and-analog-in-shoebox