I'm going to have to agree with this. After dreading the impending interview process I would have to go through this fall, I can't imagine working for a company

I'm going to have to agree with this. After dreading the impending interview process I would have to go through this fall, I can't imagine working for a company that doesn't have it. For all the short comings of this process, I can say without a doubt that the quality of fellow interviewees I met at onsite interviews with the top companies was _significantly_ higher than those I met at companies with a shortened interview process. Sure that's likely obvious and anecdotal, but it gives me some peace of mind.