A must for every visit. Sometimes I'll go two or three times. For me, it's a clever lampooning of stupid reality shows (and this was created long before stupid reality shows became the massive television infestation they are today!). I've never thought the binaural system was great, but I enjoy the show enough to make up for it. I'd love to see a new preshow video, an updated sound system, and an updated Soundsations area, but I still find it a Studios favorite.
But then, I like Stitch's Great Escape! and I think Tower of Terror is little more than a well-themed, but incredibly controlled freefall ride. So, I'm sure my opinion isn't of the majority.