Love the different POV's. I agree with those who say that there is a huge difference between collectors of vintage/pre-war and modern collectors. Not that either group can't/doesn't appreciate the other- but I think it's a whole different world.
Also, someone made the point earlier that there are also pre-war collectors who aren't even into modern sports. There are many facets to consider, but I just look at the fact that even through this down economy we've been having for the past X amount of years, the auctions are still running and certain cards are bringing in nice money.
I am one who does not think the prices for miscuts, freaks, ghosts, etc. will take a nose dive. It's become a supply vs. demand issue-along with an understanding of rarity within the set (referring to T206's in particular). I don't think it's a passing fad, and I believe more people would be after them, if they weren't so pricey

. There are so many ways to collect the set, and that's just one of them. I even like those freaks from the other sets as well.
I also think modern card collecting would be stronger if there was a limited supply of sets and prints. There are so many damn modern sets it just becomes too complicated for me. No manufactured rarity, have the rarity come from short prints in the limited sets.
I can't think of anything to collect that would be as exciting as T206's....I have a neighbor/friend who collects gold....it looks nice, but nothing exciting about it to me. Same with silver. To each their own.
Sincerely, Clayton