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Google traffic is now making up for lost Yahoo traffic.
It depends on your business model - for people who run many websites, it may not be worth it, but if you have a few or just one large website, it's definitely worth it.
All in all, things went well. Of course our #1 referrer for that site is Google. We did the Yahoo! submission last week of October and they approved it within 3-5 business days.
Since 2002 November 01, our Yahoo! referrers have more than doubled. On certain days they actually outperform the Google referrers.
So to answer your question, yes, we will still be submitting to Yahoo! as we always have. We're probably even going to bring LS back into the picture (another topic). Gotta keep in mind that a lot of people still use the Yahoo! directory. Even though it's fed by Google, they have their own little algo going and a directory listing in Yahoo! will have it's rewards.
I'll mirror fathom's statement...
At $0.82 cents per day it can be your best spent money in online strategies.
It's actually $0.819178 per day, a little less! ;)
P.S. We have another site that just got approved today for a listing. That one has been online since June 2002. Six months without a Yahoo! listing. Let's see what happens over the next 30-60 days.