Search Engine Algorithms and SEO

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There are too many algorithm changes these days on the SEO front and many of them are not appealing for many. Websites that once enjoyed lot of traffic now finds it difficult to stay ahead with their SEO efforts as the algorithms are better optimized for weeding out results that are artificially promoted. Organic SEO has assumed lot of importance these days and for that Search engine optimizer have to work hard day and night for better search results. This ranges from selection of content to Link placement in other web sites etc. Gone are the days where one could find a prominent place in search results with a single article submission. What do you think about the SEO landscape? How do you find these algorithm changes affects your profession? Let's discuss.