It depends how you define the word legit, I do not see any diffrence between ICOs in 2017 and now, but when you think about it economically now it is much harder to raise enough funds for the further development.
now the ICO earning $ 10 million is already extraordinary, compared to 2017 ICO can get more than $ 20 million, and now also ICO is getting worse,
I think ICO not a legit, but a IEO is still legit with notes