I agree that BOM quilts solve the problem of choosing the best fabrics for the project and maybe approaching a quilt one block at a time keeps one on track for completing a quilt. A couple of you said you enjoyed the friendships and assistance that came from enrolling in a BOM project and I can see the real benefit of these things. My LQS's don't have get togethers for these programs.
I guess my real gripe is that one pays a pretty high premium for these "kits". I always buy premium LQS fabric for my projects so I am not averse to spending money on fabric.
I was just looking through a past Keepsake Quilting catalog (Summer Update 2009 page 42) and they were featuring McKenna Ryan "Out and About" kits. There are 9 different pattern/kits. Each measures 12" x 12" and they cost between $44.99 and $59.99 each. I just cannot see how anyone could justify upwards to $59.99 for a 12" x 12" finished square.
Okay, I'll climb down from my soapbox now.