When I was thinking about the recent posts on this thread, I noticed a few things regarding my own experience with the suspect ladder.
Sure, I used Latias to begin with, and most people did the same. However, in no way did I plan on using Latias for the entire test. If Latias became dead weight on my team, I would replace it. I haven't replaced it though, as I still find it useful even though everyone is 'prepared for it'. Now, I'm not saying it's ravaging though everyone even though they're trying to counter it - I'm saying that it has continually done what I expected it to do. The reason I mention this is that many people seem to be taking the wrong approach to this. They find Latias 'underwhelming', and as a result they probably won't battle as much as needed. That's exactly the type of problem Suspect has right now.
In order to be able to make a good judgment on whether or not a Suspect is Uber, a 'suspect metagame' actually has to take place. It's extremely hard to make the case arguing that this has actually occurred, or is occurring as we speak. How much team evolution has there been? Hell, how can you actually make good decisions on how specific pokemon are doing when you aren't able to get enough battles featuring different teams in order to do so? There just aren't enough people playing suspect consistently, and that makes it even harder for those of us who do care about the test to actually want to participate. I hate to draw such harsh conclusions, but it seems that the suspect ladder is played quite a bit because it's shiny and new, and with the release of the new UU recently, suspect seems to have died off. The only people playing seem to be ones trying to become eligible for voting. Frankly, I think I won't be able to come to a solid conclusion on Latias' fate unless the ladder significantly picks up in the next few days.
A couple additional points:
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We mention the difficulty of gauging just how the metagame would be centralized around Latias when it's use is going to be expectantly higher than under 'normal' circumstances. However, you could still come to some conclusions, based on the idea that usage of the Suspect should drop during the second half of the test if it is indeed underwhelming. The statistics could also show a decrease in the Suspect's use if it was easily countered of course, but in that case we would likely see the usage of just a couple other pokemon skyrocket in it's place. Of course, all of this assumes ideal circumstances - those of a 'suspect metagame' - which aren't actually in place.
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I feel that overcentralization of Dragon/Steel is actually a valid argument as long as we agree that the health of the standard metagame is important. There are only so many pokemon that can take strong Dragon-type moves from strong Dragon type pokemon. Anyone who has ever lost a steel due to a crit Draco Meteor can attest to that. It's not hard to envision a scenario in which adding another strong Dragon threat could cause serious damage to the diversity of pokemon in the standard metagame. A factor which makes this even worse is Magnet Pull. Due to Magnezone, steel use is often risky. Either you lose your leftovers (and have more problems dealing with dragons as a result), or you make a concerted effort to 'scout' for it. Things are even further complicated by Dugtrio. You might use Dugtrio to kill the Magnezones which kill your Steels which you need to have any chance to counter the Dragon threat. The Dragon user can then use Porygon2 to kill off Dugtrio (and opposing magnezones locked into hp fire), with the added side-effect of dealing with DDmence as well. This seems like a ridiculous scenario, but when you start 'needing' certain pokemon in order to compete those are the results.
I believe TAY was describing the suspect ladder as similar to that, in both this thread and in the RMT which mentioned the viability of simply double switching from latias to magnezone.