I wonder how many of the guys who claim its cheating are in overpopulated areas, I always chuckle when I read that you southerners will see 15+ deer in a morning sit. I can go a week of all day hunts and not see that many (saw 5 on my rifle hunt this year).
That being said it is legal in Ontario, but I don't know anyone that does bait, even for archery. I voted keep it legal because I don't think it matters much either way.