It's been pretty good for me actually. One of the benefits of being on the ass end of the industry is that when times are tough, and clients are looking to save money, they go to freelancers like me who have very little overhead.
Agreed as well. 2009 was my best year yet, as my business is just a side business - absolutely no overhead at all. So I can charge whatever I want and still profit, without having to worry about putting food on the table.