The problem I have with the LR is just the grind factor, I've been playing poker for many years, It just gets old to play tourneys that last 10-12 hours on some sites.
Like I said many times, I don't mind variety, even if i don't like it. It's just this trend of longer LR and bigger prize pools.
I for one don't like big entry prize pools, other than to try and bink a big score. It's not where I make money. It's annoying to have 50-100 player pool with 2 hr LR or more, grinding for hours only to min cash to a fish suck out.
I do it all the time on WPN.
As far as people buying in late, it goes both ways. It is frustrating to build a stack and have someone come in at the end. Shove 5-20bbs and you have no idea where you are. On the other hand, if you can run pure, it is a HUGE boost to your stack.
The question is, how can you stop it? No matter what point you stop LR, someone will come in and jam with the chance of sucking you out. Some people play only to do that. In the long run, I think it helps good players for people to buy in late and jam. I have built big stacks that way, and also lost big stacks to it.
Where have all the bounty tourneys gone??? They were fun to play and good money. Still some around, but not much under $20 Most are $1-$2 now.
The Pot Luck KO series was fun to play, including the 6+ bounty.