I love bleeding to death. Seriously. If I get shot and use my bandage, then start fighting again, only to get grazed by a low power round or a piece of shrapnel, I frantically search around for any dropped kits or ammo boxes nearby, so I can get a new bandage and keep fighting. If there is no way to get another bandage, I will suck it up and continue fighting in my diminished state until another bullet or my wounds finally do me in. It's just one of those awesome things you can do. If you do manage to kill someone in your drunk and blind state, you can then steal their kit and continue fighting by using their bandage. It's an awesome feeling to fight your way to your salvation and finally stop the bleeding after a short firefight.
Also, for people asking for a "medic" type class, you do know that the SL kit now comes with 3 or 4 bandages, right? If someone needs it, remind them to tell you and return to your position so you can heal them up. It should keep them in the fight longer, and might even lead to those "long, drawn out firefights" that many people are asking for, if two opposing sides keep healing their buddies. But that's kind of out of the scale of this topic.