I tend to not read media based fiction. I know, I am probably developing a rep for tilting at windmills, but my general impression has been that it erodes the midlist. I.e. fewer original works are published because the media based fiction is a sure thing. The basic problem ultimately is that said works constrain an author's imagination.
In addition, the work also removes a certain amount of suspense. If I am reading a Star Trek novel, I know most of the major characters (i.e. essentially anyone from one of the TV series) have predestined immunity. No author is going to be allowed to kill Kirk or Spock. Also 90% of the time, the universe essentially resets... the status quo is restored.
Essentially, as far as I am concerned, there are plenty of great books out there that share some of the same elements that make the media universes fun, but without the media universes' limitations that I see no need to spend much time on the media fiction.
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Bill
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