Atkins Diet Misconceptions: Waning popularity or passing fad?

One of the constant comments is "didn't low carb die off in 2004?" or "didn't Atkins Nutrition go bankrupt?" The implication is that it was obviously a fad diet, and that all wise people know better now.

There are still numerous people doing the diet and many starting on a daily basis, and while perhaps it might not be as "hip" or cool as 2004, people doing Atkins now have better access to more low carb recipes, better support sites, and better communal atmosphere than back in 2004. A lot of the naysayers criticisms have been addressed or proven false since 2004 as well.