Directory submission is effective?

Directory submission is effective when it becomes the submiting good directory lis submission i ver effective please reffer through http://news.submitinme.com/newsdetails-43.aspx

I can't say about the SEO value but I do get traffic from the directories.

http://www.machinist-guide.com

Directory Submission is still alive. I donot believe that directory submission is of no value for SEO. I manage many websites and directory submissions plays important role. Yes, type of directories matters. Submit in good quality, high PR value directories, niche directories, deep linking and regional directories all should be done gradually, use proper anchore text for submission as anchore text is important. Overdoing is not good.  

You can not say, "NO SEO value" as every single backlink increases your site's link popularity . Moreover, this is the simplest and basic way to start gaining backlinks for brand new sites but the question is that, how much it actually worths. Of course, directory backlinks have been degraded by SE's due to increasing no. of spammy/crappy directories. You may compare it with the case of .info domains degradation! However, the link from reputed directories like DMOZ, BOTW or Yahoo! and other few high PR directories are still capable of creating a magic in rankings:-)

Maybe this won't bring you more traffic because it is known to be the other side of link building from SEO but in a different way. Directory submission plays a good role in increasing your link popularity and also the ranking as to having good back links.