This article got some play last September; it's worth linking in its entirety. A must-read for anyone who fancies themselves an intimate of the book-publishing industry.
From Steven Piersanti, President, Berrett-Koehler Publishers.
Piersanti lists the "10 awful truths" about the current state of book selling and book marketing. Others have tried to rebut with "10 great things" (or equivalent) but most of them ring hollow.