Soldato
As said with mlaa you lose definition, so your HD image goes all soft and dare I say it slightly blurry, yeah it's a nice feature to have but it's not a replacement for standard AA.
Pretty much hit the nail on the head for me with that comment.
Good to have for games where you can't use AA, or are suffering from performance issues, but still don't want the jaggies.
For what it's worth, I've not bothered with AA for year's, which has always allowed me to get away with slightly inferior cards, but now in my old age I'm getting a little bit more fussy, especially since I got a 1920*1200 monitor.