Lewis' work always produces mixed feelings in me. There is a long list of good things to be said on his behalf, and, so far as I can see, only one really bad thing. But the bad thing is bad enough to taint my otherwise unalloyed (and profound) respect and admiration for this superb thinker, quite probably the best philosopher alive, and almost certainly the best I've ever read. (Aaron, if you are reading this, you were right about your teacher; he deserves all the plaudits you kept showering on him, and for all I know he may even be right about the crazy things he says.)
First, the pros. Lewis offers a modal metaphysics that is a) technically brilliant, elegant, and well-motivated, b) capable of providing reductive analyses of a vast range of otherwise obscure notions, and c) the best game in town if considered simply on it theoretical merits. He shows how his modal realism can be used to analyze modality (necessity, possibility, and the like, as well as restricted modalities) and mental and semantic content, and to make room for properties and counterfactual claims. He shows how to dissolve the debate among essentialists and anti-essentialists using counterpart theory, how to avoid various apparently serious objections to modal realism, and how to understand the debates about de re modality and "transworld identity". He offers a clear account of ersatzism, especially of the linguistic variety, which (I agree with him in holding) is the only real alternative to his modal realism among the theories so far offered, and is as such clearly an inferior theory. He offers a devastating argument against "magical ersatzism", probably the most commonly held view on modality apart from linguistic approaches. The argument is decisive, I think, and shows that approaches like those of Plantinga or Stalnaker cannot succeed. His modal realism has its limitations; because he cannot help himself to worlds bigger than a certain size and shape, and because he has all the worlds as concrete objects existing "side by side", so to speak, he can't countenance the full range of possibilities that an ersatzist can, and his analyses come apart at the edges. (For instance, the thesis of the plurality of worlds itself is, on Lewis' account, necessarily false; thus he must believe in necessarily false truths. Again, he cannot admit the possibility of two spatiotemporally disconnected universes, or worlds that differ as to which non-spatiotemporal abstracta exist in them.) When these defects are compared against the defects of Lewis' competitors, however, his view emerges as the clear winner.
Nonetheless, in the end all of this theoretical advantage is not enough. The thesis of the plurality of worlds is simply incredible. Indeed, I would go so far as to say that its falsehood is something like a Moorean fact; it disagrees so badly with common sense that no philosophical considerations in its favor could constitute an adequate reason for accepting it. Lewis's methodology is right; he proceeds in theorizing by weighing the costs of departure from pretheoretical opinion against the benefits in theoretical economy and utility. Unfortunately, this method is here being used by the wrong person; for all his brilliance, Lewis just doesn't have the *good sense*, or wisdom, to see how crazy his theory is--and this is the only thing that lessens my admiration for him. Faced with the evident inadequacies of all the competitor accounts that Lewis surveys, I am forced to make the choice Lewis says I will be forced to make:
"Paradise on the cheap, like the famous free lunch, is not to be had. Make of this what you will. Join the genuine modal realists; or foresake genuine and ersatz worlds alike."
Since I cannot join the modal realists (literally, "cannot"; I am psychologically incapable of it), I choose to foresake possibilia altogether. Ersatz or concrete, they must go; and if I can think of no alternative to these approaches--which are after all the only ones now on offer--I shall simply suspend judgement on whether there are really possible worlds of *any* sort, and on their nature and how we can do what we do with them. But I insist on maintaining the hope that some future theorist will tell us how we can help ourselves to possibilia, in a way that we can live with--for it seems absurd to give up the benefits of talking in terms of possibilia just because we have no adequate and credible metaphysics of them.