In around 2-3 months, it'll be a full year since the inception of the Melon24Hits system. This system is based off of total ULs, so it is an accurate representation of what general public is listening to.
Previously, Melon was based off of hourly streams, which benefited dedicated fandoms(especially during zombie hours).
My opinion: Even though the charts are deader then they ever have been, I much prefer it to the previous Melon system. This shows what the general public are actually interested in. BG fandoms have less of an advantage here too(since it's based off of ULs and not streams), so you won't see boy group songs lining up the top 20 at 5AM.
The only negative I think, is that new and unknown artists have a disadvantage here. The general public will just listen to the artists they're already familiar with, now you have to go viral or have extensive promotion to be able to chart.
My faves slay on both systems anyway