yes, there are many agents making meaningful incomes, even in this transitional market.
being a real estate agent, if you're self-driven and motivated to work hard, can be the most financially rewarding (as well as emotionally rewarding) career you've ever had. As others have pointed out, you need to be a people person, and able to handle rejection.
I have had a handful of different careers in my lifetime (thus far), and I have made the most money as a Realtor... and I have made the least money as a Realtor. If you have good financial reserves (I would plan on taking no money out of the business for at least a year), then a down market is a great time to learn the business. If you can do well in a down market, you'll do gangbusters (some very "techincal" real-estate jargon) when the market recovers.