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I like the relative simplicity of Theravada, it seems to have less rituals etc. than other paths and there seems less emphasis on the importance other deities.
Until recently I was quite happy following this path and then somebody threw a spanner in my works and tried to sell me down the modern Buddhism path with the theory, that I might be missing out and would be better off going for a modern westernised version of Buddhism where most of the hard work of interpreting past teaching has already been done for me.
Is there anything right about this theory? The modern westernised versions of Buddhism all look a little cultish to me (NKT, Diamond Way).