goodroi - 2:34 pm on Dec 2, 2011 (gmt 0)
It is not fun to see hard working people face hard business situations but nobody ever said life was easy. The Panda update raised the water level in the webmaster pool. Some webmasters are very talented and have been able to keep swimming amongst this higher water level. Some other webmasters were not as talented and used outdated strategies so they were unable to keep afloat and sank beneath the water.
I do think that with enough time, money and creativity a site impacted by panda can be rescued. Though it might not be profitable to rescue certain sites and that might be hard to hear for some webmasters who are emotionally tied to their sites.
As for starting a new site, I would tell panda webmasters to take a step back and really think why a new site would have any different result than their current site. If your SEO knowledge is not strong enough to rescue your site from Panda, why would you expect a new site built using your current SEO knowledge to do any better?