unfortunately Wetherspoons business model is based on getting punters drunk as quickly and as cheaply as possible. This will attract the type of crowd who think that "cheap" and "good value" mean the same thing.
On the one hand they're a big corporation - the kind of thing craft drinkers don't like in a brewery (so why should we like it in a pubco?).
On the other hand (Sorry Andrew, I have to disagree) they offer "good value" - reasonably priced food and a selection of cask ... of course like most pubs over the water mixed drinks are cheap, maybe too cheap, and there's plenty of macro beer too.
And while I'd love to see the Diageken/VFI cartel smashed, would we simply see a new monoply emerging in the form of the pubco???? - especially as our licensing laws are the real barrier to effective competition in the pub trade.
I'm still not sure which side of the fence I come down on this one .....