I actually like the system, probably because it is favorable to the Brewers who are a small market that tries to compete every year. On the off chance we don't make the playoffs we at least have a small probability to hop in the top 6.
I do feel bad for fans of teams that have horrible ownership like the White Sox, Marlins, Pirates, etc. Scouting and development have become even more important under the new format because you can't be bailed out by a guaranteed run of top 5 picks. Horrible owners just don't invest in the scouting and development to their own detriment.