Well personally, I think the industry...underground and overground is saturated with bullshit. Everyone wants to be a fucking rapstar and not a businessman. Unfortunately in this day and age you cannot be one without the other. It's too easy for people to record and drop CD's without ever doing a live show. I know people that have been in the game for years, performed live umpteen million times and have never dropped a full project (i.e. The Lifesavas....Irv & Jum hurry the fuck up!). They have built a foundation and have earned respect in the game over years of consistent hot shows and singles. Then you have these net MC's dropping MP3's on the daily that have never spit live on a mic in front of anyone other than their homies who are steady gassing them up and making them think they are tight. As a matter of fact, if you listen to Cool Nutz "Harsh Game" record, the Lifesavas have an interlude about exactly this.
As for mainstream radio.....I kinda got into this by accident. I knew I wanted to be in music somehow...perhaps more on the marketing side. I worked retail for years at Sam Goody and Camelot, then started getting into the local scene and supporting shows.....then I helped put on a community event that sparked my mentor to pick me up for his record label promo team....then I got plugs at the radio station, worked promotions, got mic hungry and was given a chance. I earned my stripes and here I am doing what I love. Same should go for everyone else in the game. Just like I don't respect radio jocks that get on the air without paying their dues in the streets, I don't respect throwaway rappers that have zero creativity and merely emulate whoever they dickride, make tracks and never do a show.
With that having been said, I think the state of hip hop is at an impass. It is cyclical like everything in life and it will bounce back to the essence sooner or later....OR it will get completely dominated by white people and become pure pop music, therefore creating an avenue for black folks to recreate it into a new art (reference jazz and blues here).