Meh. You'd have to be somewhat of a fool or just plain ignorant to believe Hip Hop is dead. The genre is no different than any other filled with its fair share of garbage flavor of the week lames and worthwhile talent hiding in the trenches. So long as you exercise your right to filter out what is and isn't tolerable you'll live. Until fans start buying more records and open themselves up to marketable emcees with actual talent the rest of us are stuck well wishing in the current landscape.
In order to 'acknowledge' the 'irony' I would have to learn two new words today.
...And I'm not going to do that.