I suppose it depends on your definition of "good" money. I don't think that you will earn a six figure income through hubpages, though anything is possible if you put your mind to it.
I think if you are looking for quick money, than you will most likely be disappointed. I have been with hubpages for two years now. The first year I didn't really put much effort into my hubs and took me six months to get a payout. But I got out what I put in, which was pretty much junk at first.
After my first anniversary, I decided to take it more seriously and actually put time and effort into my hubs. So another year has gone by and I am happy to say I earn a regular payout. Can I pay my mortgage with it? Not yet, but my views and earnings have grown exponentially and continue to grow now that my hubs are established. I believe my viewership is growing faster now than when I first started, and I don't right hubs every month.