For me, it really depends on the character. Some characters simply need a lot of articulation, such as Spider-Man and Gollum. If I got a SPider-Man figure and he could barely move, I'd feel really gipped. The benefit of SPider-Man is that he's totally covered, so you can put in all the joints you want without spoiling the aesthetic.
Gollum is harder, since he's basically naked. But he's no less in need of articulation. This is where I think some companies could be very clever, and instead of giving us a multi-jointed figure, we could have one with interchangeable limbs. Perhaps some of those limbs could be highly articulated for those of us who don't mind exposed joints, and the rest could be pre-sculpted pieces that can intermix for variation on an other-wise aesthetically pleasing "statue."
In most things, I think a compromise can be reached.
For my part, I do not mind exposed joints, but I see the argument for those who do.
It's a "have your cake and eat it too" problem.