editing

After five years of on and off writing, and re-drafting, with the creative excitement of plot twists and suspense, then a year of editing down 'til it bleeds, I'm left with no objectivity. Is it still a unique beautiful, tragic, story, or is it nothing? How do you gauge what you're left with...

When working at editing and reworking your writing, does anyone else become overwhelmed with doubts that it is all tripe, balderdash and piffle, unreadable fluff?