It's a mixed bag really Cutlass. The EC doesn't work out exactly the way the idealistic theory would like, but it does ensure that candidates care about more than the Eastern and Western seaboards and Texas. Which if you were strictly running for popular vote count would be entirely probable.
If that's where the people are, then how is that a problem? The state of Connecticut has a population similar to the city of Chicago. And larger than many of the western states. But is really irrelevant to the presidential candidates. The president is not elected to represent the states, but the people. So why should the states matter more than the people?
What the EC also does is drive the political extremism that we were recently discussing with gerrymandering. Why look to the center when it is the extremes that are going to deliver a number of the states?