I don't mind lake monsters too much - rather like aliens I personally think that people experiencing *something* though not necessarily quite what they think, and hoaxing, and the folkloric elements, and the human 'need' for monsters and so on are pretty interesting.
But once it actually starts to look like real animals are involved I sort of lose interest, afterall, as I say, new species are constantly being discovered and I think it is pretty arrogant to think we have classified even all the mammals or even the primates of the world, never mind all the 'flies and spiders'.
Heh heh my attitude is summed up pretty well by my response to the 'Mongolian death-worm' article ... I saw the image on the front cover and thought it looked pretty interesting but I was really disappointed when I read they were actually purportedly not ten times longer than landrovers heh heh.
Still.