Back in the day (2003-ish) DMOZ was a huge part of SEO. Mostly because the directory was syndicated/cloned to hundreds of other directories. This meant that one link from DMOZ not only gave you a strong link but it also gave you hundreds of other links.
I became a DMOZ editor of one of the health subcategories just to get one of my sites listed. I know many others did the same. I of course maintained the subcategory for a while and added some new sites but later lost interest. I'll admit I got what i wanted and then faded out.
Today, I don't think of DMOZ at all when link building and don't waste my time on it. I can achieve results from other sources.
I agree the value isn't there for most, but I still have a few clients in really tough industries (i.e. real estate & finance) competing with some sites that don't have more than a few great links in their profiles, and I know the link would make at least some difference. For most sites though, I wouldn't bother with it.
I completely Agree with you Stuart... Domoz listing has its own value but its take much time.. and we can get batter result from other resources.
DMOZ has been largely removed from Organic searches over the last couple of years. It's been corrupt as all hell for a while, and I think Google knows that. I've never gotten a link for a site from the ODP and it's never held any of my projects back.
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