On reason I like AE is that it is a good starting point. If I have taken a picture with AE I know that if I want to take a grab shot a few minutes afterwards under different circumstances there is a very good chance the output will be usable. If I have had it set on manual and want to take a grab shot a few minutes later those different circumstances may well render the image unusable without having twiddled a dial or two. And in the time it takes to do that I may well miss the shot.
With AE plus compensation I effectively have manual exposure - all I need to decide is whether I agree with what the camera says not think what settings I want. In both cases I am still assessing the scene, it takes the same amount of understanding and experience and I end up with the same result. And because I have that understanding I can decide if I need to go to full manual.
Quite so, it has its uses but I look at the situation like this.
A camera is very much a tool as far as I am concerned, it is one I enjoy using but even so it has to prove effective at its purpose.
When I cover a story/feature/event I need that that to tool to work at it's optimal capacity, or as near as for 100% is hardly likely to be achieved.
The major reasons for deletion of shots is incorrect exposure, therefore I need to maximise the percentage of shots that are either correctly exposed or near enough for them to be easily and satisfactorily adjusted back on the computer.
At a guess, but after some consideration, I would say that the yield of acceptable shots using AE alone was never more than 50%. By using manual that yield is greatly increased, probably nearer to 80 or 90% (excluding test shots which are never intended to be kept).
Is it really acceptable that a tool costing thousands of dollars can only achieve such a success rate when left to its own devices? Others on here have expressed their satisfaction with AE, which is fair enough, it seems that their work might conform more to what is generally regarded as press photography and the camera's firmware can more happily deal with it. I have found myself specialising in machinery (not just tractors) and here it seems that cameras struggle to perform as they would in other situations.
This is a genuine problem encountered not just by me but by others working in the same area using the other big name in cameras. Trying to apply the reasoning of hobby photographers (nothing against them, I was one myself) to a commercial situation is not helping to define, clarify or answer the difficulties encountered.