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When someone uses the "1bb/hour" rule, I always assume that the number is gross profit from the table, with rake and tipping and immediate game-related expenses already removed. If that assumption is incorrect, you may enlighten me with more accurate figures

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You are correct. You can see it in how I did my math in the original post.

Also, the 1BB/hr rule is pretty antiquaited, especially at the lower limits since the advent of TV. Anyone who can't easily exceed 1BB/hr is either in a bad game, not really good at poker, or both.

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The 1BB/hr. for live games was not a rule or "rule of thumb" but rather a winning rate for the really good (but not truly great) pros. Even back before TV and before internet poker got so popular, most pros made substantially less. To win 1BB/hr. in Limit Hold'Em year after year you had to be really, really good (say 10 or more years ago).

We don't hear too much about the failure or hard times stories from pros who have run bad. Some pros have won for years and never run really bad for say 6 months live. Kudos to Dynasty for posting his update a while back. For every Dynasty who plays well but runs bad for some months straight, there are many, many more we never hear of. And if someone talented and disiplined like Dynasty can run bad for months, how long can a player a bit less talented and a little less disciplined run bad???

Even Ed Miller has seemed to be suggesting that ppl are winning what-200K per year?-all over the place, or that pulling money out of your Party account to go to the WSOP is a natural thing to do, no problem. My response is that yes the games are good but we don't hear much about the losers or those pros that are just getting by and may be in jeopardy of going broke if they hit an extended bad run.

Have you ever run really bad in live play for over three months straight, Clarkmeister? How about for 6 months? If it can happen for 3 months, it can happen for 3 months again, back to back, = 6 months.

Yes, I agree that a good player should be able to win about a BB/hr. or maybe somewhat more playing live limit hold'em in today's games. Should. Many won't, though.