I heard about MacGregor going bump a while ago (or certainly it was on the cusp of happening).
It's a pity because of their history, etc. They did lose their way a bit during the late '90s early '00s knocking out mass produced sh!te. When Barry Schneider took over he wanted to bring quality back to MacGregor starting with the 1025 series of forged irons.
I owned both the 1025C's and the 1025M's (which I still posses) and I can honestly say they were some of the finest forgings I have ever used and beat the sh!t out of the competition even the glorious Mizuno MX-20's and MP-33's (respectively).
MacGregor's woods did leave a lot to be desired but the Eye-O-Matic and more recently the Mac-Tec NVG2 Draw driver were very well respected and highly acclaimed.
Their latest MT-Pro series of irons were also lovely and so there could be a bargain out there for someone looking for a well performing, aesthetically pleasing set of irons (the black finish versions are beautiful).
Greg has plenty of wonga and so he can choose his kit and I wouldn't bet against TM in the woods stakes (drivers, fairways, rescues) but if I were him I'd keep those MacGregor prototype forged blades - that got him a 3rd place at last years Open - firmly in the bag.