From Diddy's perspective, hip-hop is in a great space with the help of big, influential rap stars.
"Hip-Hop came back with a vengeance," Diddy said in an interview. "You have incredible artists who have come back strong, Jay-Z, new artists like Lil Wayne and Drake, Kanye, artists like Eminem and myself who are still doing what we do. And Dr. Dre's about to come back, it's just a great time overall for hip-hop, it's a lot of big stars that are out there, a lot of huge, huge names that are pushing the envelope. To me, it was important for me to push the envelope, you know, I'm my biggest competition and I think the artists I named are more as an inspiration to me than competition." (BBC News)
Source - http://www.sohh.com/2010/06/diddy_says_jay-z_dr_dre_eminem_bringing.html