This theory is a very old one, starting from 19th century, see:
http://en.wikipedia.org/wiki/Sturm%E2%80%93Liouville_theory
and for history here:
http://www.maths.ed.ac.uk/~aar/papers/lutzen.pdf
The interesting point is that it is used in order to do classical quantization processes, like finding the normal modes of a vibrated string and other similar objects.
If you study this theory you will find that almost all valuable functions we are using for computing with accuracy in physics are solutions of a S-L boundary value problem.
Everyone who wants to play with 'quantum this and quantum that' has first of all to study in details that theory.
So, what is your opinion? Have we gone a step away since 1837?