Most of noobs fear treacherous for no reason. As time passes by the trap will be less and less powerful, decks like Metaphys counter treacherous very efficiently.
I think that card is no longer Legend Rank material, but platinum. Sometimes it feels like the ones complaining about it don't even climb the ladder.
Treacherous Trap Hole will always be a powerful card. Even if it's only the less experienced that insta-lose to it, it's fairly difficult for most decks to play around, especially if it's backed by some other threat you also have to deal with. It's probably the most powerful Trap Card in the game right now, and will likely remain so for as long as it's legal.
I buy the Spellbook mini-box 3 times and have 3 copies of TTH, but I still hope that TTH gets banned. It isn't wise to say Konami doesn't need to ban TTH just because you don't want to spend stuffs to get another staple
Every card is bad for you when you are a bad player. TTH is still crazy good, but I'm against banning it, since right now there are a lot of cards that are more worthy to take the banlist, Neos Fusion for example. TTH is still one of the top picks for traps, but it's not that broken.