Are you trying to make money with it? Are you trying to grow it to 1M users? Are you trying to build a feature for Pinterest to buy?
You're getting a lot of different opinions here. Some are saying its a wonderful, social product with a lot of potential. Some are saying you aren't solving a real problem, which gives your project a fairly short shelf life.
It just depends on the goal, what do you hope to achieve with it? I've always had a hard time evaluating things without knowing this.