I don't think that's the case. waffles was/is a very nice substitute for OiNK, and many use it as their primary source for music/apps. That's why many were so happy about they opening invites.
E is very specialized and many wouldn't even be interested in their contents. As I recall, only ppl who would upload were getting invites from staff (I could be wrong of course) and that means knowledge about ripping high quality FLACs from vinyl. I don't think many would fall into this category... I'm leaning more on the collecting and rarity theory.
(personally, I couldn't care less about that rarity thing, I just think ppl request based on wrong reasons, that's all)
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