Does The Term 'Indie Music' Still Apply?

Is it a problem that the term indie is now considered to be a particular genre of music, especially considering the fact that most of what is considered indie is neither independently produced or distributed? Owen Adams at the Guardian ponders this question and more.

This the same problem that we went through in the mid-90's when alternative music went mainstream. Unfortunately for contemporary music fans, that was about the time that alternative music started to suck.