I first read your post about 5 minutes after you put it up, and I thought it best not to start a rant of my own in rebuttal. The main issues that I had with your post have mainly been covered off by many of the people already, but I thought that I would still add my 2 cents worth, rather than the $3 rant I wanted to go with earlier.
Firstly the apples with oranges comparison that you made between Premier and R&S/Contenders is totally unfair and unrealistic, to the point that it makes your argument irrelevant. I could make some of UD's low/mid-end products look pretty crap compared to Gold Standard and NT as well.
Secondly, I am not sure what redemptions you have outstanding, or whether you simply took the worst redemption story you ever heard and now tell people that this happens all the time. Well I can assure you this is not the case at all. My best case redemption story ended with me having my redeemed auto in my hands within 3 weeks, and the longest I have waited for a redemption is 6 months, and I was given ample opportunity to take a replacement, but I was ALWAYS given the choice by Panini, as opposed to a number of Topps and UD redemptions where I simply received an alternative card in the mail with a note outlining that "due to the redemption card not being available, please accept this replacement card of equivalent value". Sometimes a simple update request with a polite note asking for any new news is all it takes to get Panini off its hands, and personally I have found the CS staff at Panini top shelf.
As a set collector I have been more than happy with a number of Panini's releases to date over the last 2+ years, not all of them, but some of them, so they are the ones that I target, seems a simple approach, but one that seems to work for most people - if you dont like it, dont buy it. Having said that, I cannot imagine that there has not been a single Panini release (even one each year I dare say) that has not got you interested, but beauty is in the eye of the beholder and you are more than entitled to your own opinion, so hopefully something out of their 12/13 releases might get you going (perhaps).
Oh well, so much for not ranting.