No. MITB has run its course. It's become too predictable now.
Too many heels win it and cash it in at inopportune times. The rules originally stated that the holder could cash it in anytime, anywhere. But the ALWAYS cash it in in the ring.
Just once I would love to see a champion get ambushed in the backstage area or locker room and lose it there, not after a match where they are beaten already.
On top of that, the competitors are chosen at random. You have a big guy, a couple high flyers, and a couple brawlers/technical wrestlers. Like mentioned before, it used to be legit #1 contenders.
Now, let's say a MITB match has Ziggler, Show/Kane/Clay, Ryder, Santino, ADR, Kofi/Truth, Otunga, and say...Riley. Ziggler might be favorite and MIGHT win, Kofi/Truth aren't going to because they are there for show, Ryder isn't going to and neither is Santino, ADR had the title already and sucked, Riley and Otunga are NOWHERE near ready to hold it, and chances are Show/Kane/Clay would be there just for drama because of their size. So your only choices for a possible winner are ADR and Ziggler.
I personally want to see a darkhorse win it and have a year buildup. Someone that we would least expect. Or scrap the whole thing and just build a guy for a good year or so.