I (no surprise) have one of these too. Mine is an early one '99 with the nasty floating bias, crappy footswitch cable I had to cut down, and all of the other crap people hate these amps for. I was playing it this past weekend for nostalgia reasons (it was my first tube amp) and the top of it was scalding hot, who knows what is going on up there, it's the only amp I've ever had that went through power tubes like it does.
But the reason why I still have it after all this time is it sounds damn, damn good. Seriously underrated. The secret is to keep the gain below 7, or even 5. The bright cap is a big part of that tone and the higher the gain, the less noticeable it is, and the further away it gets from the more classic Marshall sounds. It's not a copy of a plexi, or a replacement for a 2203, but it's just a really solid amp with nice features. If you need more gain from it, boost it - don't turn the knob all the way up. Same thing as the JVM really, it has more gain than necessary and gets flubby/muddy turned up too high. Even with the gain at 5 or 6, you're basically at stock 2203 gain levels anyway. I also kind of like the "deep" switches, they don't seem to add mudd and just shake the room a little more.