There is a post on the Aussie site where one of the members took several 1st, 2nd, third place trophies in a NZ national competition with BIAB beer. It just hasnt caought on here in the states as the norm but everyone who tries it doesnt seem to find anyhting negative about it. It is starting to gain popularity though as there have been several podcasts and articles lately.
my Irish Red Ale recently took 1st and my Oatmeal Stout took a 2nd place.. both in the 2011 Peach State Brew Off.. its sloooooowly catching on over here.. give it a few years...