Whether or not some individual writers, and some specific sites are doing a good job isn't especially relevant to whether or not there is a major problem. The fact that traffic seems to be your number one priority isn't exactly encouraging.
I write for a blog - albeit not for a living - and I like to see that what I write gets read by a decent number of people (I'm talking thousands, I'm sure your articles go into the tens, and hundreds of thousands), but readership numbers aren't the first thing I'd bring out if I was trying to defend myself. The response "but we're popular" to this criticism of games journalism is desperately shallow and spectacularly ironic.
I'll tell you why you should be worried: because trust in games journalists is dropping by the minute. That reflects terribly on your profession. If you can't see why that is happening, it's hard to separate you from them.
Maybe I wasn't clear. "Your" referred to the person I was addressing, not readers as a whole. If our readers didn't trust us, they wouldn't read our site. Our traffic is at an all-time high because we have been breaking the type of news and running the type of stories that no other website runs, and if we hadn't earned our readers' trust, they wouldn't be reading us.
I've read and participated in a number of threads like this. I take them a lot more seriously they're talking about real issues, and specific people, instead of ridiculous "game journalism is corrupt!" articles like the one on Cinema Blend. There are reporters currently trying to hash out just what the PS4's power advantage will mean long term for these consoles - a question far more important than COD resolutions - and meanwhile, some of you read and circlejerk over articles like this, articles written like forum posts chock full of unfounded accusations and nonsensical console war BS.
Surely you must understand how frustrating it is for reporters who work 10-12 hours a day to try to bring you guys great work only to see 20-page threads about how much their field sucks. Meanwhile, threads about great articles cap at 2, 3, 4 pages on GAF. Do you really not see how you're contributing to the problem there?
Let me put the situation another way: if a website were to publish a story interviewing developers about the long-term differences between PS4 or Xbox One, do you think it'd be on Cinema Blend? It certainly would not. It'd be on Edge, Eurogamer, Kotaku... one of the websites that has proven capable of actual investigation. Yet those are the websites you're trashing.