What are the benefits and drawbacks of the rule-making requirements specified in the Administrative Procedure Act?

What will be an ideal response?

An ideal response will:
1, Explain that the APA outlines steps that agencies must follow when they issue rules.
2, Summarize the steps required by the APA: first, a rule is proposed; second, a public comment period is held; third, the final rule is published in the Federal Register.
3, Explain one or more benefits of the APA, including guaranteed opportunities for public participation, and decreased criticism of some rules.
4, Explain one or more drawbacks of the APA, including the long, cumbersome process.