Wildcard DNS should be a prosecutable crime, punishable by no less than 20 years of hard labor.
(Edit: Probably should have made it clear that this was a joke)
Wildcard DNS helps me to handle multitenancy easily. What's wrong with it?
I don't see how wildcard DNS is related to this? Nor how it's bad?
Presumably you're referring to the practice of answering queries for nonexistent records with an A record belonging to an advertisement page? (instead of doing the right thing answering NXDOMAIN, presuming no records of another type also exist for the queried name.)
dnsmasq has a really useful feature for dealing with this: --bogus-nxdomain