I quite like waffles.fm. The SQL injection attack on what.cd last night has me a little worried about them, but I guess it's a beginners mistake that they will learn from. Hopefully so will waffles. These sites are barely a few weeks old, so I applaud the progress they have made in this short time. Many of the features that were present on OiNK have been implemented in some form, and the staff are beginning to settle into a routine. Both have a good user base and the users are busy linking their collections. I sincerely hope both sites do well, they've got some big shoes to fill.
Edit: I'm hearing reports that What.cd is suffering from another SQL injection attack. Be extremely careful if you plan on visiting.
Edit 2: The SQL injection attacks continue. This doesn't bode well for What.cd:
Edit 3: I'm not Paine, I'm azc. The clue is below where it says "POSTED BY AZC". Hope that clears up some confusion.