First off, I am and will always be loyal to B.A.S.S. That said, I was a fan of the FLW Tour too, had a few family friends that fished it, some ended up in the Elites. I was a member of both organizations, continue to be a proud B.A.S.S. member.
My complete and utter disdain for the mlf/bpt is the way things were handled, no integrity, no honor. I wasn't there and can't vouch for the truthfulness, but it was, and still continues to be said that boyd duckett and the other owners wanted to purchase B.A.S.S. When the owners refused to sell, mlf got their panties in a wad and attempted to destroy B.A.S.S. by taking some of their best angler's. Didn't work out so well for mlf did it? The angler's were pretty much told that it would all be rainbows and unicorns in order to get them to jump ship. Some were family friends that joined and still fish the mlf/bpt. Now, shame on them for falling for the b/s. Then mlf purchased FLW, a business decision that appears to be biting them now financially.
In a nutshell, I don't care that there is an NPFL, a mlf/bpt or any of the other trails in their organization. What I do care about is honor, honesty and integrity. If mlf thought they had a better mouse trap, all they had to do is start holding big time tournaments. No need to intentionally try to steal (my word, probably not the best use) angler's from B.A.S.S. As a whole, angler's are pretty fickle. They would have moved over without being sold a sack of crap. There was no honor, little honesty and zero integrity in what mlf attempted to do to B.A.S.S. in order to fill it the bpt. When Walmart started, from my understanding it was never Sam's idea to kill K-mart. It happened due to his good business decisions and K-marts not keeping up.
While it is a goal of both organizations, the mlf knew that there was no way the business model of no entry fees would ever work. It wasn't feasible then, sure as heck not feasible in this economy. Probably never will be without some really serious financial backing from outside the industry.
EDIT: Per Andrew Upshaw, you can add the following to angler's bailing on mlf/bpt for one reason or another.
Cliff Pace, Cody Myer, Brett Hite, Russ Lane, Randall Tharp, Jeff Kriet, Josh Butler, Mitch Craine, Roy Hawk, Tommy Biffle (didn't requalify) and Timmy Horton (retired). Some of the others may have not requalified, some did. Next?