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I think leagues go thru peaks and valleys and a league is successful if you have the right make up of GMs. I have been in and run/co-run 3 great leagues and seen my share of various levels of activity. I try and give it a solid effort but like anyone get discouraged if things slow down a little. I am not sure if people are out of it because they are awaiting a new product or not, but that may boom leagues again. But with that will come a lot, and I mean a lot of short term leagues.
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