Is the word bitch inherently misogynistic or has the word successfully been reclaimed?

I have many links:

Bitch Manifesto.
Bitch Magazine.
Tina Fey using bitch on SNL.
A little debate on the subject.

I am of the mind that bitch no longer has any strength as a word used to put women in their place, so to speak. The word is used across genders and in many cases the word bitch isn’t used as a negative at all. Instead, many women call themselves bitches with pride.

I think this new attitude about reclaiming words (queer, fag) is definitely generational. Younger people are taking back the things our parents and grandparents rejected and we are reclaiming them as our own. However, I am willing to hear an alternative argument. Though, I doubt it will change my mind.

I put this in the general section to avoid name calling and trash talk. Just say your piece. Leave the offensiveness and defensiveness at the door, please.

Please read the articles if at all possible.