Hennings right that there's a mythology surrounding how tough it is to tame a Pitts. It's the most honest, responsive airplane you'll ever fly and with some training by a competent instructor you'll be comfortable in it in no time. The first tailwheel airplane I ever flew was a Pitts S-2C and owned one with about 30 hours tailwheel time total.
It would be wrong to say that they went the way of the Dodo - it's far and away the most popular bird you'll see on the ramp during any aerobatic contest with Extra's and the other monoplanes in a distant minority. It's because they make such a forgiving, well understood, and robust trainer. You can compete up through Intermediate in an S-1S and win - my hangar pal does it all the time competing against people that fly Extra's in air shows. That's a $30 - 35K airplane.
And, to another point - in acro, drag is your friend. That's why you don't see so many RV-whatevers at aerobatic contests. They're just too slippery to get slowed down. If I need to put a 4 point roll on a vertical down line or spin without climbing or ending up in the next county instead of in front of the judges, I need a plane that I have speed control over, not cruise speed. Having said that, my AEIO-540 equipped S-2C on economy cruise (23 squared) gets 135 kts on 14.5 g/h on a XC.
Henning has a point about the visibility though. It'll never be what you can get in a monoplane but here's a video of me flying an aerobatic sequence over the contest box at Warrenton VA and I'm using a Contour HD camera attached to my hat. You're basically seeing what I see during the sequence. You can judge for yourself. I kinda like my view
http://vimeo.com/19529992