I sincerely hope to fuck that it doesn't start another drab, bland indie period. Pop music is the only kind of music that escapes sameyness as rap, trance, metal, indiepop etc are all limited by a certain sound and innovations by artist from those genres are seen as sell outs. Having pop music as the popular sound means anything goes (guitars, electro etc) as long as its either catchy or a big party song.
Lady GaGa and Black Eyed Peas seems to be accepted in all circles so she may be fine if it were to happen, but a lot of other pop stars right now are not.
I liked the RATM campaign for the fact that it is saving Xmas number 1. Pop Idol shows promote spoonfedness. Why should Joe get to number 1 for being simply born with a voice, a genetic fluke? X Factor winners should be made to struggle, take their own spin on things. Having an "X Factor" is about being original, its not about singing "Over the Rainbow" and saying "this is literally my wildest dream".
However, I love X Factor for the sparkles of true talent they have (and the judge bickering, and general cheesiness, and Eggnog Quigg crying) especially in the 2008 season, one of the best of any talent show I've seen.