Several posters mentioned Point Blank Shot being worthless. I find it's pretty helpful in a most dungeon-crawling scenarios. It's very easy to be within 30'. That being said, if you tweak Far Shot with the following phrase, it becomes much more useful at higher levels:
Far Shot
"... Double the range at which all Precision-based bonuses are effective. This includes things like Sneak Attack, a Ranger's Favored Enemy damage bonus, and the bonuses from Point Blank Shot."
That's the thing I find about 3.5. There is a good framework in place, but a lot of things need small tweaks to make it fit together well.