Totally agree. Even more - you're like reading my own thoughts. Just one little personal amendment - I prefer Weta over ILM. The first reason is that ILM mostly works cooperatively - frequently with Digital Domain and/or Rhythm and Hues as well as other studios - Gentle Giant, Asylum, etc. Weta House (Workshop, Digital) usually does the whole body of work by themselves - with other companies (same Asylum or R&H) doing only additional visual effects - without making any contributions to the main material.
There are few other points which can be considered positive or negative:
1. Size and history. ILM is older and much-much bigger. Weta is a young studio - and money began to flow into it only after LotR trilogy - so it had little time to develop. Still it makes significant competition to ILM.
2. Overall quality of projects (again taking size into account). Weta doesn't have a single flaw - every project they've made is perfect. But! They don't try to take too much at once - they have (as far as i know) only two or three projects in the process of making plus another 3-4 in consideration or pre-production simultaneously. At the same time ILM has tens of projects on different stages of production - and sometimes it affects the quality.
But anyway - both this studios can't be even distantly compared to SPI or R&H.
R&H (absolutely agree with you about TGC oscar - I know, fur is hard to make, and visual effects specialists make a choice, but do they have CGI-monkeys-crush or something?) R&H is a baby - fast-growing, steroid-enhanced, but still a baby. Work they've done on this years Hulk looks miserable when compared to ILM Hulk, that was made... for a second... 5 years ago.
SPI is my personal "favorite" - I justt don't get it - how can a studio that big make effects that bad? I mean, I can understand problems with cgi people or animals or fire, water etc. - but metal and dust! These guys fail to make convincing metal and dust (metal-dust-collision-destruction etc. :)) effects in a major movie with 150mil budget. (I won't even speak about SM3 with its 258mil spent on nothing).
And finally Digital Domain. They specialise in making water effects, right? But they also make great effects without adding any water - I, Robot (with the help of Weta, but still impressive). Still they're somewhere in-between SPI and ILM. (Stealth was horrible) - but at least i can see some evolution - Zodiac has amazing "seamless" CGI.
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