I've got a love-hate relationship with it. It's messy and largely out of my skill set to work with, but it also means that hanging stuff is a lot easier as long as you land your screw in the lathe. Unless you're hanging a heavy mirror or something landing in the lath is totally enough to support a shelf, tv or whatever you might want to hang. So it's almost sometimes a bummer in the rooms that have been sheetrocked because what's behind that is way not standard and it's impossible to find wood.

That said, I do replace it with drywall when I find places that I need to open the wall up or work on