Season 1, no contest. The whole show has been on a downward spiral since Lesson Zero to the point where I couldn't even watch most of season 3. There were just so many stupid things in S2: Twilight going batshit crazy over a weekly report deadline that was *never even specified* (go back and watch the second episode, Celestia never specifies a deadline), freaking babies that outclass Scootaloo and young Twilight, Pinkie Pie ruining that donkey's life and never getting any comeuppance, the fact that most of the main cast are selfish jerks that ruined the cake's, er, cake, that whole nonsense with the self fulfilling time travel prophecy, the fact that Applejack has to learn that she can't do everything herself *again*. *Gasps for breath* the retardation that was that cider nonsense, where somehow losing the rights to cell apple cider in Ponyville means they lose the farm. Like what the heck, I know the Apple family aren't the smartest but the deal was clearly for the exclusive right to "sell" apple cider, they could have just made their apples into something else and forced those other guys to get their apples shipped in from Celestia knows where. And Flim and Flam were colossal idiots as well, they had that contest won and for some unfathomable reason they don't serve the apple cider that they made *before* they cut quality control! I'm not even going to talk about the atrocity that was the Canterlot Wedding. Then there was the rushed season finale of season 3 that was about half song, a third busy work, and a sixth underwhelming ascension to godhood out of nowhere, by Celestia no less - what?
Uhh, what was this thread about again? Oh right, and that's why season 1 is the only season worth watching.
EDIT: I blame Lauren Faust for leaving, the show just wasn't as good without her at the helm. Another director just can't fully understand what the creator was trying to accomplish or doesn't have the same concerns for quality or continuity and thus the show changes and we get all the flanderization and such. It's like if halfway through the Harry Potter series someone else just started writing it, wait maybe that wasn't a very good example considering the last book was just ridiculous.