In its ongoing efforts to give me a heart attack, Publisher's Weekly reports that a whopping 764,448 books were self-published in 2009. PW goes on to say: "The number of "nontraditional" titles dwarfed that of traditional books whose output slipped to 288,355 last year from 289,729 in 2008."
I know there are writerly friends and acquaintances of mine who will say: But Connie! This is the future of publishing! It's too hard to get a publishing deal in this day and age, when money is tight and everybody's looking for the next Stephenie Meyer. And now legitimate authors are turning to self-publishing because that's the only method they have.
I say: Show me a self-published (ie unedited) book that's any good, and maybe you will change my mind.