Vegoose is no more - victim of saturation?

Music fest Vegoose is one cooked goose
Attendance at Halloween event was uneven

Make other plans for Halloween in Las Vegas: The annual Vegoose Music Festival will not be presented this year. Not at the end of October or any other time. (…)

Two-day attendance in 2006 was down more than 50 percent, with a gate of 30,625, from 72,400 in 2005. Attendance in 2007 was 46,200, according to Las Vegas Events.
i thought that 46k attendees would be enough to make it profitable, especially with sponsorships like vegoose had. huh. as one blogger mused, "Could this be the first of many festival causalities resulting from the over saturation of the market?" (this blogger got the attendence numbers wrong).

other victims this year: vineland and VFest vancouver, who apparently couldn't book enough big-name talent.
Maybe, but competition sure as hell isn't a bad thing. Europe has been over-saturated for years, and they do fine. Let a few die off if thats how it has to be. Its better than it was ten years ago, when a great festival was a unique thing.
i'll be a happy camper as long as vfest bmore, coachella, and voodoo dont go anywhere.