I'd say it's become anything but. It's been shown to be wholly at odds with mainstream political ideas and totally unsuited to electoral reality.
I think the broadcasters are going to have to take a long, hard look at themselves over the next couple of years. And if they don't do it voluntarily, they'll be made to.
I do love the decriminalisation idea re: the licence fee. It's already got them terrified because they know they can do it without altering the charter.