Here are some of my thoughts on the matter.
Yes new sites pop up every day and the market is becoming saturated. I have to believe that it takes a good amount of time for these upstarts to eventually become profitable - perhaps months or even a year or more.
I also believe that these new sites understand this and realize that business goal number 1 is to attract new players and keep them.
Given the above, I think it's actually SAFER to play at some relatively new sites because they know and understand they will lose money initially.
With that said, I also believe that you must exercise some caution as well and not wantonly deposit money into a new site that could literally disappear overnight.
Even sites like Party and Pokerstars with a wealth of players could disappear overnight. That's the risk of online poker.
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