Arpan - Thanks for writing and reminding that my stand on certification on this blog is about 4 years old now. It is interesting that you are checking with me if I have changed views. Here is how I summarize my current thinking on certification.
1. First of all the person seeking certification should be absolutely clear what they are expecting the certification to give them - Knowledge, Skill, skill enhancement, Marketing value, a job, an interview
2. Certifications that do not observe and qualitatively grade a tester - in action "while doing testing" - can not guarantee a certain level of skill in testing. Employers, Recruiters, hiring managers - please take a note.
3. If you want to learn how to do good testing, how to gain skills in broad testing landscape - certification is not something you should look for.
4. If there is a certification that let us get a job in a given situation/context or gets you a interview shortlisting - you should consider taking that certification. But - be aware - once you get your job - you are on your own. You would then be required to display (depending on the type of organization and nature of job) skills on job. Certifications' role ceases there.
5. Be critical about certification material and tests tell you - question them. Form your own ideas and logic about how things work. Do not take everything that taught or you read as part of certification as "universal truth. Why this is important? Only being critical on what is certification course - can help you to decide what value intrinsically you gained from it and what already existed in you.
6. Reputation is everything in today's world. You gain professional reputation by demonstrating your work and skills to your employer and to out side world (through networking world). Building reputation takes time and real good work. People with confidence in their skills and reputation - do not require a third party to endorse their level of skill. In today's world - people with skill and reputation - don't need certification. What does that tell you about certification?
7. Take special note of qualifiers like "Advanced" when applied to certifications - check out what is advanced and how? More often that not - it is more "jargon-laden".
#4 and #5 specially apply to freshers looking for /some/ job and those 1-3 years experience folks who either had some software job or a lost a testing job.
In terms of landscape of certifications - I don't think there has been change. Prime motive for certification providers is to make money - fast and cheaper. That has only intensified with many job seekers. That is fine as a business objective - we the target audience of such business ventures need to be clear about what we want from certifications and how capable are these certifications to deliver on the promises.
I repeat what I said earlier - if you want to learn, acquire skills, enhance skills in testing - certifications are the things that you should avoid. There are better, cheaper ways of doing that.
Did I answer your question Arpan?