Fabric's still known as one of the best clubs in the world, and even after its rough last few years, it still holds on to that status.
Having been into electronic music (mainly drum & bass) for years now I remember the place before all the controversy, and like most people said it has changed.
I'll try not to be too elitist about this, but Fabric's become somewhat of a tourist spot now, which is both good and bad. Nothing against anyone who is new to the scene and wants to check the club out or contribute to keeping the place going, obviously, but the students who tend to turn up just because of the name can ruin the 'underground' vibe the club used to have.
Having said that, i've never really seen any trouble there, and the real crackdown on drugs and tightening of security has made a very safe environment, you're never usually more than 5 metres away from a member of staff. The new checks though have made entrance a bit of a nightmare, it takes a while now, with almost airport style security, although there seems to only be two ID checkers which seems ridiculous for the amount of people fabric caters for.
But that's only a small downer on fabric's reputation. The club still delivers some of the best lineups in the UK, and the system in room 2 is ear shattering (earplugs a must if you value your hearing). Yeah the drinks are expensive, but pre-drinks are your friends here.
The club's had a turbulent few years, and it's understandable that changes had to be made which may not make things run as smoothly as they once did, but try to ignore the hype, and go and listen to some world class electronic music.