Not really.
In the early days MLW was an ECW ripoff.
Then it became an ROH ripoff when it got revived.
Now it seems to be trending towards a Lucha Underground ripoff.
The result is sometimes they produce very good matches but usually nothing that truly stands out as special. MLW lacks their own unique identity; Court is very much just imitating things he's seen in other promotions. He does a decent but not great job of copying the feel of those promotions.
The draw of MLW is that Court seems to find good talent before the other major promoters. He had guys like Darby Allin, MJF, Brody King, etc before they were on the radar for ROH or AEW. And current guys like The Von Erichs, Jacob Fatu, Richard Holliday, and Alexander Hammerstone seem to be destined for big things.