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Part of the MILW's mystique, and anonymity, are due to its location in the Northwest. Much of the route was either inaccessible, or almost uninhabited. It tried to avoid going where the GN and NP already were, but there wasn't much reason for anybody to be where they weren't, usually too dry, or too rocky, to farm. Economically, there really wasn't much reason for the Pacific Extension.
if it had survived another 10 years, it could have done very well hauling double stacks and oil trains, for the same reason it died. With no major cities, and few smaller ones, there would have been few locals to get in the way of the through trains.