I'm no big fan of the ELCA, but there is one thing I can think of to say for them: they were the one Lutheran denomination in this country that signed the Joint Declaration [JDDJ] with Rome.
The ELCA was (and continues to be) severely criticized by the Lutheran Church-Missouri Synod for signing JDDJ. Rome did little to alleviate Missouri's concerns by anouncing the Millenium Jubilee indulgences while the ink was still drying.
An interesting development is that a delegation from the one-year old North American Lutheran Church (NALC) was received by Pope Benedict--there is a picture on the NALC web site of their Presiding Bishop greeting the Pontiff.
As Luther asks in his Catechism,
"vat is das?" ("What does this mean?")