I'll agree with that, at this point it's pretty clear that the two party system is broken. I honestly think we'd be much better off without it at this point. The way it is now it's just the two national parties dishing out their money to the senate/congressional races they think they can win with the goal of getting a majority and pushing their own agenda through. Anyone who thinks either party has their best interests in mind are sadly, sadly mistaken.
Very good and important point, the 24-hour news channels have destroyed the media IMO. Each one is only concerned with ratings so when there aren't real stories they turn useless shit into stories and sensationalize it as much as possible. It's quite sickening really.