There still some respected ones...just watch for the turds though
Some sites are still respected...but the heyday of submissions has come and gone.Moz says
Let's move on to my first public project, which came about after Google deindexed several directories a few weeks ago. This event left us wondering if there was a rhyme to their reason. So we decided to do some intensive data collection of our own and try to figure out what was really going on.
Research All the Directories
We gathered a total of 2,678 directories from lists like Val Web Design, SEOTIPSY.com, SEOmoz's own directory list (just the web directories were used), and a few others, the search for clues began. Out of the 2,678 directories, only 94 were banned – not too shabby. However, there were 417 additional directories that had avoided being banned, but had been penalized.
So if you overdo it,the old ways no longer work and can kill your rankings