Nah, i think it shouldn't be mandatory.
And this is coming from a guy who lives in a country with mandatory voting and voted in every election since turning 18, but i have been tempted a few times to skip elections, especially if the candidates suck, something that is quite often here (the Buenos Aires Mayoral election runoff of 2007 is a good example of this).
I like to think that in a country with free elections i should also be free to decide if i want to use that right or not.
It's not like we have 100% turnout here anyway. In basically every election there's about 20% of the electorate who doesn't vote, the fine is like 5 cents so some people don't really care (i think the last time my dad voted was in 1995 and for Carlos Menem
). Of course there are some bureaucratic disadvantages you might have, for instance if you lose your national identity document you will have a pretty tough time getting a new one (but it's all stuff like this, nothing really serious).
In fact considering how lax is the law and how generally crappy the candidates are I'm actually amazed that we have 80%+ of turnout
Of course here there are certain issues that probably make keeping the vote mandatory an arguably good idea.