It is really hard to find a true ico, because there are so many ico that is being scam. I believe we need to be mlre temperate regarding on the different ico on the field.
You are right, but ICO is still a good trend for developers to be able to raise the funds they want, if the project has a good product, I think they will soon reach softcap, a scam project because it is abandoned by the developers, so we can see the product from the new altcoin that we want to buy before investing.