Almost all of the alt-coins are there are going to be a waste of time. They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.
Be careful about wasting time with too many alt coins.
tysat, if you believe they are pump and dumps, seriously who do you think is behind it? mtgox? the btc elites? honestly, if someone is pumping and dumping in an organised way, as a means of screwing new investors then the entire alt community should hunt them down
The devs are the people who orchestra the pump and dumps. Most of these devs of alt coins and the early miners are doing it just to make a quick buck, dump their coins then move on to the next. It's obvious to most people who are not naive newbs who also want to make a fast buck.