Let me weigh in on this a little. Although I agree with PLaw that we were not there, didn't hear all the evidence, I'm gonna form an opinion of what we "do" know.
Now, like I've mentioned, I've been watching the nightly "re-creation" of the trial on tv (not because I'm a big Jackson fan, but rather find interesting)legal proceedings and trials. Granted, you don't hear every piece of testimony, and they are actors playing the part, but the testimony follows the courtroom transcipts with every objection included. That's probably as close as anyone would get to hearing everything.
I do know that the following testimony was given:
1. By Jackson's "former" maid: The victim was staying at Neverland. The maid was picking up the house, and noticed two figures in the shower and a pair of adult and a pair of children's underwear on the floor by the shower door. Well of course the defense says "Could you see who was in the shower." She replies "no the glass was foggy, but she heard Michael and a young voice. "But you didn't see who it was right?",etc. Now, the maid is a "former" maid, who I think was fired, so of course the defense played that to the hilt, claiming she had an axe to grind.
2. The mother of the victim: claims on a plane overseas,her son and Michael were seated in a different section than she was seated. She went to check on her son. She says as she approached their seat, Jackson was licking her son's head all over.

Another witness, and I can't remember who testified Jackson did the same thing with another child.
3. A "former" Neverland worker claimed he walked into a game room once and Jackson and McCauley Caulkin were playing pinball or some game. According to the witness, Jackson had Caulkin in front of him, and had his hands down Caulkin's pants. Of course the fact that McCaulkin testified otherwise and this witness was also fired, the defense was able to raise doubts.
What makes me totally vomit is that if I were on the jury, I probably would have to go with a not guilty verdict on molestation. I'd be kicking myself in the ass my whole life, because I think he is guilty.

"From what I've seen", I don't think it's so much the defense was so great, as the prosecution so weak. Everyone involved had baggage. Then again, that's the kind of victims the pedophile looks for?
Of course the victim's testimony also was very graphic, but because of his "weird" family and all their baggage, and defense claims that mom coached him and gave him acting lessons, obviously, the jury didn't buy it.
Pedophiles do NOT change (at least not without help and even that I hear it's doubtful). It'll happen again and again right??? We can only hope and pray for these innocent victims. I fear any other victim/s will not come forward because of case.
There's more, but that's all I can think of right now.
TIS