I actually think they are not on a downward spiral. It might pain somee people, but Uggs have a following that I believe will remain steady. Why? Because they are the most comfortable, convenient versatile boot out there.
comfort: Slip your bare foot in and it is so soft and cozy and climate controled and breathable, for both cold weather and even warmer weather--your feet are always the right temp.
convenient: So easy to slip on and off--so girls on the go runninge errands, and hollywood celebs waiting aroundon set who don't want to stand in their heels--will NOT give up Uggs any time soon.
versatile: you can wear them with skinny jeans, shorts, skirts. Roll them up or roll them down.
Yep, Uggs are a modern classic that are not going anywhere any time soon.
if you LOVE boots, visit one of my boot blogs
www.betterinboots.com (high-end haute couture labels
frugalista.betterinboots.com (contemporary labels, lower prices).