I have mixed feelings about them. I used to be absolutely addicted to these before I joined and when I first started posting. But slowly, I've become less and less interested. They just all seem the same now (and maybe they are, because of eaglesbaby, ha!) It's definitely lost it's appeal for me.
I still like ones that are live. To me those are the best ones. I just think it's great to read about someone who is SO excited about her new sisters that she wants to tell her story to everyone who will listen. I also enjoy hearing about what recruitment is like at different schools, and I like REAL retro threads (like ones from the mid 90's or earlier) cause I also think it's fun to hear about what rush used to be like. But those kinds of things seem to be rare these days.
And the sugar coating it killing it too. I know I'm being a hypocrite right now because my story was mostly rainbows and butterflies, but I did it because I lurked GC for a while before I posted, and I thought that I would get flamed if I said "everyone says that ABC is the fat sorority, DEF are the skanks, and GHI are the rich snobs". Since I was a newbie, I didn't want to step on anyone's toes. Maybe that's why some people do it too, but that's just a guess.
So yeah, I'm losing interest too, but I'm sure you'll find me posting here as they at least provide a quick and easy entertainment break from work.