I disagree, completely. Magic Lantern is awesome.
The things I like about it:
-Audio bars during video recording
-Audio gain control, ability to turn off AGC and select different and separate inputs for both left and right audio
-Built in intervalometer, dope for time lapses
-Manual control of white balance in live view
Thats all I can think of on the spot... There are a bunch of other sweet features too, that I don't use too often. Like you can make the face detector that usually turns off the LCD light into a trigger for taking long exposure photos...