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Compared to the past 30 years of 'package management', which basically amounted to hand copying and managing tons of files from all kinds of different sources, with all kinds of different version numbers, MELPA and package.el are absolutely incredible.

Sure, there are problems, but they'll be fixed eventually.

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Agreed. Having the package manager in built has taken away the pain of having to search the horrible 'emacswiki' for code snippets and tweaking them to get it working. It has also enabled me to try out plenty of new packages which have greatly added value to my emacs, which I would otherwise have never bothered to even try. Lots of bugs? Sure! and some aspects could do with a better user experience, but still a great improvement over prior versions of emacs.

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