I see the value in Dpos if implemented right. Stake is valuable and there should be perks for hodling, but it doesn't need to give one more power than another in governance, for example. I don't think it needs to be done away with, but think it could use a restructuring.
The problem is, those who get to make the decision to do so are unlikely to give up that power. None of the forks(alternatives using the exact first layer) have addressed this, so I don't see them as an answer to much.
RE: After dedicating 5.5 years to Hive/Steem, I've been informed by KING ACIDYO that I added no value