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I only know of one -- count it one -- single person who has found a job through online means. I still think the best way to find a job is through personal networking and word of mouth.
Besides, a very large percentage of the jobs posted online are filled before they are even approved to appear on the website. Many positions have already had someone picked out for weeks, but the company has to post the job and make it publically available for X number of days for legal reasons because the person they've selected is already with the company, is on a contract basis, etc. In truth, I think many job postings online serve that specific purpose and you don't even have a chance of getting them.
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