SOAD is good stuff.. though the latest album ehhhh well... different. I don'tthink of them a nu-metal... nu-metal is kind of... bad lah, insulting. Heh.
Well, panz3rr, at the end of the day, "potential" is nothing without development into that "something".
Making money as a musician in Singapore is a tough job already, much less to hole yourself up as a metal-only musician.
If you notice, even the famous bands, they start out working and having the band as a side line. Then they hit that famous song/record, and manage to do it full time. Otherwise, if they were full time from the start, they struggled financially.
Now, you take that small number of bands, who have made it big after all their struggling or balancing of work/music.... say the number from America. Downsize the number porportionally to Singapore's whole populance... you probably will get a similiar ratio.
Then you add in how big our big time gigs are. How many constituencies are there for the band to conduct a nation wide tour.
At the end of the day, its as you said it, off shore for metal.
But as it is... i don't see/hear any truely outstanding metal acts getting hyped up for the world...