Hey Roy, I didn't find it depressing in quite the way that Vic did. It's not exactly a happy picture - all those crumpled pieces of paper on the floor, playing to empty rooms - but I got that he had not so much given up dreaming as switched to another dream. The outro does lift it a bit too.

I'd have to say that the target audience for this is probably pretty small, as it would be hard for anyone not a songwriter (or maybe someone who is fond of a songwriter) to really relate to what the song describes. Nothing wrong with niche marketing, but most aspiring songwriters are only really interested in their own songs LOL.