Yeah, there is 20x more content but I think the content is getting worse and worse. It´s becoming more and more Facebook like. People are posting rubbish all the time to get noticed, this makes it really hard for good content creators to get noticed. Especially when they are upvoting themselves...
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I think we need to expect that most posts aren't going to be of the same quality that early adopters are capable of. While I detest the spammy posts as much as anyone, they're easy to ignore, and will be easier when communities get implemented.
When Steemit really becomes a place where RL friends and families are using it to keep in touch, a la Fakebook, then those rubbish posts will have place.