Just my opinion.. but the idea behind IOTA is solid, machine to machine transactions will be a huge part of the future economy.
Although at this current point in time.. with such a huge supply and the coins selling for 5$ each.. i think this is way over priced.
The market cap will need to be incredible to generate a profit on this.
And from what i have heard, the dev team may not actually have the skills to pull this off.
Agreed I think the dev team have overhyped this and are in over their heads.
better to back something like nem as it has a good team of devs and a novel idea :)