RTW's can be great deals if you can work within their limitations.
For a couple of years I was working at a company and we had facilities in London, Singapore, and Sydney (amongst other places). So the RTW represented a great value for what were typically two week trips.
My current booking, for example, will take me from Asia to Europe, flights around Europe, then back to the US, flghts within the US, and then eventually back to Asia. With some pretty decent flexibility -- flexibility that would -- priced out independently -- cost much more.
Steve