The variance can be annoying (not nearly as much as HU cash though), but I've found the play at anything under $200 to be horrific. At $200, you start to see some solid players mixed in with the idiots, but below that - and especially under $100, it's crazy.
I'm not sure what level you need to play at for it to be worthwhile though. Like (just making up numbers here), say you have a 10% ROI and play 10 $100 HU SNGs per hour... You'll be making $100 per hour. But how much could you be making in cash games instead?
I haven't run the numbers on my own data, but it "feels" like cash games are a lot more profitable.
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