[lmm]

> If all monad instances work differently what is the value of the Monad interface? What kind of usefull generic code can one write against the Monad interface.

Code that composes a bunch of operations, for whatever kind of composition those operations need (some people call Monad "programmable semicolons", because it's a lot like sequencing). E.g. traversals of datastructures, or some kind of "do this in a context" operation. Essentially any function you pass a "callback" to should probably be written in terms of monads so that it can accept callbacks that need different kinds of composition beyond just being called at different points in the control flow.