I agree. Afraid it won't matter, because ultimately it's going to affect the entire industry and make it almost impossible for startups that just happen to be in the right place at the wrong time to get funding.
Still with all that knowledge I'm afraid it's almost impossible to slow down group dynamics (and that's all this is) to a point where everybody doesn't get hurt - again. People are going to try to outsmart the bubble, probably even accelarting it. Human nature, I guess. Still sucks. :)