no way, I don't think anything competes with a solid drip coffee maker and great quality beans. In no way at all does it beat or compete with the french press method.
Where the Keurig owns it's competition though is when you have one person in the household who drinks coffee, or possibly a coffee drinker and a tea drinker. The "hot water" on demand option is fantastic for using your own tea-bags, and even the k-cup tea bags aren't so bad either...
Honestly, I never used to have time to brew a pot of coffee in the morning before work, and even on the weekends, I would waste TONS of beans on a full pot because I'm not going to drink 12 cups of coffee. I hated those mini-serve drip makers because they just tasted weird for some reason (the ones w/ gold or metal reusable filters)
What's going on now is that in my omw to work method, I just turn the thing on as I walk past it, when it gets warm right before I leave, BOOM-SLAP, I have coffee in my hand in 20 seconds, no mess to clean up, no 3/4 pot of coffee wasted.
----I probably spend about the same on beans vs. using k-cups, I do NOT like the waste factor but I put up with it because I get to have coffee every single day.