The P&Y/B&C system has given us a great method by which to be able to put a size on a rack that the rest of us can understand. Someone earlier said it better, but when I say I shot or saw a 140" 5x5, that gives many of us here a pretty good visual picture of that deer even though we didn't actually see it. To me, that's a good thing--it's given us a common language. And personally, the only number I really care to use is the gross score, as so many of you have already mentioned.
I've entered a couple animals in P&Y before '91, but none since. Nothing against P&Y as they are a very good organization and do great work for bowhunting and conservation. The record books were originally to help prove bows were capable weapons, etc. Human nature led to the books spawning some unsavory types; it's not P&Y's fault.
I have thought hard about entering animals since P&Y came out with a traditional book, and entering them in Compton, or even in my own state's record books. But in the end I keep coming back to two things: 1) the cost is a bit much especially if you have a few that would make it; and, 2) why am I entering them--is it really for the animal or for my own recognition?