What do you think of literary fiction?
I will leave the definition of LF to the individual reader. It can be looked up at many sites on the Internet. Whether you agree with the consensus opinion that literary fiction is superior to all other forms of fiction or whether it is just another subgenre of fiction -- one of many and not necessarily superior -- is what I am curious about.
I realize it all could be just a matter of taste and opinion. But, if so, why is it often considered due extra reverence, even by readers who might not really like or enjoy it?
Examples of LF compared to other fiction would be greatly appreciated!