His site might be a stepping stone out for those who deeply believed wts BS. I know I was on his site for a short time as I was researching wts, it might have been just prior to writing my da letter. His ideas are not much different from wts, and he can't seem to move on. While we all have our problems here with our past and can't seem to totally move on - thus we still post here - ewatchman seems to delude himself with the idea that somehow he's anointed and there is Jehovah who will bring in imaginary salvation to mankind right around the corner. That around the corner rhetoric might be even louder on his site than what other jws hear at their local khs. I haven't been on his site in probably 3 years so I'm not sure if he's still repeating the same BS. From what I remember he had a small cult like following who liked to hear nonsense that made them feel good inside that the end was imminent.
His conspiracy theories are likewise tied to the believe that the end is imminent and logic is thrown out the window. While the crisis of '08 hasn't gone away and there is much more to come, it has nothing to do with conspiracies nor with god's plan but with simple human natural cycle that has repeated itself many many times in the past. A good theory on human cycles can be read in The Fourth Turning, which compares human cycle to the seasons where our cycle repeats itself every 80-100 years.
As many continue on their research, they can easily see ewatchman as no different as gb or some other stuck up elders who have their heads up their ass and can't see the light of day.