I was just going through the comments on the DevMaster site, and one thing I've noticed nearly everyone agrees on, 3DGS proponents and protagonists alike, is that MED is crap.

Could MED be replaced by a tool for previewing, LODing, setting materials and (most importantly) file conversion?

You could keep the current modeling features in there, but just have them as an option for last minute editing after bringing models in from a 3rd party program. It seems a waste to develop it further since there are better modeling programs that are very cheap or even free.

Basically, my suggestion is to change the priorities for MED from modeling to conversion.