Thanks for your comments, Tom. I didn't mean to infer a direct cause & effect relationship here, only that my personal experience has shown that many for-sale research reports aren't as good as going out and digging through the free stuff.

One good thing about making research available and public is that myths can be debunked. It was on Will's open site that I saw the original de-bunking and this meme has been picked up on several blogs. By being open and transparent, I believe that we advance the field and keep ourselves to high standards. As stated above, I also think that there is room for context-specific paid research.

The major premise of this post was "Buyer beware". I am sure that BH has many satisfied clients, so there must be value in your research reports, or you would not remain in business.