ICOs are getting mature with their operations,most of them are handling it properly like an ordinary startup with legal consults.
Promising or not, ICOs is still a good way to get funded. I would consider ICOs as well if I really want my idea on board.
I agree with you, the crazy ICO market is over since there are a lot of scams, but I do not think the ICO will be over, it is still a good way to raise funds and some promising projects will be on the way.