So I hatched a modest Meraruba, and let me tell you, if you like Ulgamoth, get ready 'cause raising this little sob is a pain in the arss. Great attack (85) but it's useless after it evolves (60) yet it mostly learns physical moves (once every ten levels, ugh), so you're basically forced to raise something with its best stat lowered because you really don't want a nature that will lower Ulgamoth's frail defense, supreme spA, great spD and good speed, lol. Needless to say, I will be jumping through the roof when my mothbabby gets to level 59, XD.
But, it is so worth it; Ulgamoth, along with Yanmega, is the only bug with quadrupled weakness to Rock (specifically, Stealth Rock) that you should ever use, because man do these things win at life or what, hah. I admittedly was put off at first by its popularity, but once the hype dies down, the true fans will stick and the posers will move onto other things, just like they did with Yanmega (when DP came out, Yanmega was the bees' knees... by the time Platinum was out and about for a good while, Yanmega's use decreased significantly).
Either way, this thing is so much epic win, and its ability (Flame Body) which I originally thought useless, may be more useful than I thought; max HP / max Def Ulgamoth makes it usable. Yes, you read correctly, max HP / max Def, so that it makes the best use of Butterfly Dance; 85 / 65 / 105 isn't amazing, but it's far from terrible, and max spA / spE isn't fantastic because it leaves him frail to strong attacks, even if they're neutral. I have yet to use Ulgamoth competitively, but I frequent Smogon and it seems with max offenses most of the time you end up B-Dancing but getting killed by a strong move anyway, which I can see happening with that horrible Rock weak. :c
Its design has grown on me a lot, but I'm still bothered by the anatomy, waaangst. It's more like Mothra and less like an actual moth, lol; the body itself is fine, but those wings, those wings, THOSE WIIINGS. Those are not moth wings, those are Winx Club faerie wings! XD Mind you, I love the Winx Club series (why yes, not only do I love faeries, I actually believe that faeries exist, though rest assured not all faeries are pretty... or winged for that matter, lol), so it's not the end of the world, but I still wish for real moth wings. Regardless, Ulgamoth has finally put at end to my lepidopteran quest: every gen, I ask, "Pokedex, pokedex in my bag, who is the best and fairest lepidopteran of them all?" It started with Butterfree and Venomoth, which are pretty decent, then they gave us crap (Beautifly, Dustox) and one alright moth (Masquerain), and finally, Mothim came with the arrival of DP. But now, I no longer need to ask the question (my pokedex will be so happy), for I know the truth to be Ulgamoth, aka the best and fairest lepidopteran of them all.
...I still love Butterfree, Venomoth, Beautifly, Dustox, Masquerain and Mothim, but seriously, looks do not win battles. Thank Arceus for Venomoth's Tinted Lens last gen, honestly, because between the horrible amount of weak and the craptastic stat spread (ALL of them have offences *and* defenses below 100... ridiculous!) and everything getting strongers, these things just do not stand a chance. I'm so glad they stopped making useless bugs, specifically, useless lepidopterans (if you must know, lepidopterans are my fave insects, along with dragonflies and wasps).
Finally, I must say, I think GF must regret making un-epic bugs, that's why they created Ulgamoth; with her Fire STAB and Bug resistance, there's very few bugs who will not die if / when engulfed in Ulgamoth's flames, lol. She is a fat flammable weapon of moth mass destruction, seriously. XD