I think there is absolutely no doubt that the vast majority of vapers are ones using basic gear. We vape for effect first, taste second, and status last.
As well put above, most vapers have never seen forums or videos about it and look at the cloud chasing in public as a negative.
But Yes, we are being left behind. I have recently found a juice vendor who has some great quality, complex and unique flavors, etc. but they are max VG and I have to WORK like heck to get my Nautilus to get the flavor through to me at half the level that a casual puff of Halo or Five Pawns, for example, would deliver. Sucks, because this would be some really fantastic juice if it wasn't thicker than gear lube..
I also agree there is no question about the profitability of high VG, low nic, and low flavor juice that people are using 30ml or more of a day. I can't imagine having to buy that much juice personally. Holy cow. Is it really worth it?
All that said, I really think it will come full circle. (Or at least find a happy medium) I have recently contacted the vendor I mentioned above (well known and currently very hyped on ECF) about offering their popular max VG flavors in an "old school" 50/50 version and giving them all the reasons we are stating in this thread. I even went as far as to offer to pay more as it's obvious us tootle puffers don't vape 30ml a day and the manufacturer has to have some incentive. We actually had a couple good exchanges on the subject. I doubt they are going to change a winning game, in the short term anyway, but they did admit they are hearing the exact same request from many others and are aware of the resurgence in demand for a more balanced blend. I guess we'll see. They let me know something was in the mail this morning. I have no idea what it is.
Write your vendors folks. At least some of them might listen.