No, I agree totally with titi.
What is the alternative? I kind of like the fact that Glest almost has it's own file extension for 3d models. (at least I thought it was; I think I read that somewhere)
The process is OK, but it takes some steps for me...I have to use command prompt, and that might scare some newbies away (but what newbie is also a modder anyways?)
Also, I do wish I could export to g3d straight from Blender and import all the animations and textures.