I don't know why people aren't considering ICO a good idea.
There few projects you need to check out before saying anything about ICOs, analyze before you judge.When you are looking for a project you need to know what you're looking for, but in my opinion the strongest factors for a project are their investors,their strategy/target,thier team,what they have yo offer etc, but as the market is down the factor that will make the difference is "the investors".
The problem is there're too many projects appearing everyday an it's just impossible to analyze them all. That's why ICO raitings platform have appeared, but now we see that they don't help, and sometimes they even make the situation more confusing, giving controversial raitings to same projects.
Indeed there're too many projects appearing everyday, but you can focus on what you expect from an ICO, like the theme of the ICO, you might reduce the number and would be a lot easier.
For ex: Personally, I am a game addict and I am looking for this kind of ICOs
And a lot more examples, if this makes any sense.