That is one of the biggest misconceptions there are and it has been perpetuated over many years.
I think it has to do with the packaging of frozen brine shrimp where they list the protein content as a very low figure. The figure is actually based on the protein level of the whole contents, moisture, and other packaging fluids (preservatives, can you spell phosphates?) Because people see high protein levels on other food packaging, they automatically think the brine have no value.
However, if you take the dry weight percentages of protein of all foods, and compare them, the brine are quite suitable, although mysis are a little better.
GSL cysts raised to adult will run close to 60% protein while flake foods, including standard spirulina flake run around 45%.
For the most complete source of info on brine shrimp (artemia) see the article on the United Nations site "Manual on the Production and Use of Food for the Aquaculture Industry at:
CLICK HERE AND SCROLL DOWN TO SECTION 4.0, ARTEMIA
For nutritional properties of ongrown artemia scroll down to section 4.4.1
In actual fact the brine shrimp progress through the nauplii to adult with the nauplii being high in fatty acids, and low in protein, and the juveniles and adults being high in protein and low in fatty acids. By gut loading adults you get the best of both situations.