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Budweiser is swill. Without even thinking, I could name at least a dozen better beers, some imports, some regional specialties, that I'd prefer. Right now in my fridge is the last of a seasonal brew from a fine German brewer, and I recently discovered an outstanding local (I mean local, really small brewery) organic IPA I'll be making my default brew.
On the other hand, Belgium as a brewing nation does brew beers with actual flavor, so maybe there's some improvement to be found in this acquisition.
And Bud Light is just one example of a regrettable tradition - light beer in general is nasty stuff. Most of the few I've tried seem to have unpleasant, almost chemical aftertastes - kind of the Tab of beers.