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As an observer, the paced portion of the race is stupidly boring.part of it comes with the territory, I mean a marathon is pretty boring all the way through, and only now and then do we get an exciting finish.
but on this topic, i'm with you all in favor of questioning the sportsmanship and "is it really racing?" aspect, but the paced portion of the race is generally being run at a faster pace than it would be if the the runners were self-pacing (I think), where the other alternative is running slower, or that self pacers would screw up and run too fast at the beginning and then finish more poorly; i.e. while being more pure, it's not clear the race would be more fun to watch (racers holding themselves back for fear of burning out?) or set as many records.
the part I think I object to is that a pacer's pace might be "tuned" for a particular racer to the detriment of others.