I enjoy my fantasy baseball leagues much more in the grand scheme. But having a 12 team draft with your best friends and roommates while having a keg on tap along with video footage of last year's highlights while being the defending champ without having LT on your team is pretty freaking fun.
On the flip side of that, having LT2 on your team the last three years and not even coming close to a title is not a lot of fun.
My league is pretty well-balanced, and we do our best to eliminate the dominance RBs have, and to increase the roll QBs have, and in general make the whole league competitive. It can be done.