you can still catch some coin at launch and make some profit, but even this is harder now, another end of cycle is near like the one of one-two months ago
That's what I resorted to for the last few months mining x11, x13, x15 because there is absolutely no profit mining any scrypt coin with a gpu.
Problem is its so hit and miss with new coins most of the time they're not worth the hastle mining on a small'ish scale either.
I will invest in some more mining equipment before winter but until then I couldn't tell you whether its going to be scrypt asics, sha-256 asics or some gpu's again.
In the meantime if I think a coins launching with some potential I'll rent a rig and mine it for the first few hours.