That much, I definitely agree with. I think this book just continued to get better, starting with Baron's mediocre run, to Messner-Loebs' slightly better early run, getting better in the later part of M-L's run, and reaching its peak with the first 30 or so issues of Waid's run. I do think Waid reached his peak in the first half of his run, especially "The Return of Barry Allen", which I still consider the greatest Flash story of all time.
I guess the lack of love for Waid's run surprises me as much as all the love for Baron's run.