I have looked at the new combined AISC spec-it is similar to the AISI spec for cold formed steel in that you calculate the nominal capacity and then divide by a safety factor for the allowable if designing by ASD. I prefer the ASD approach because I can use the same loads for strength and deflection checks. I have no problem with the "increased accuracy" of the LRFD approach, except that for steel and wood, deflection usually governs for beams. Maybe it's a moot point if a computer is used to perform all designs, but I like to do calcs by hand except when a computer is really necessary-say for caclulating deflections for a multi-story rigid frame. Some of the engineers that I have encountered who totally rely on the computer have had their judgement suffer as a result, in my opinion. I digress.
For wood, given its inherent material variability, and the fact that we really don't know what the loads will really be, I think that an LRFD approach is just an exercise in academic rigor. The academic community is trying to ram it down our throats, yet they don't have to perform designs to a schedule (often inadequate) and a budget(usually inadequate).