Onhwy61, the list of ugly gear that produces some of the finest sound obtainable is long indeed. Looks and sound have nothing to do with each other.
I agree that a well engineered piece in a plain jane wrapper hits closer to home to me than the converse. Sadly, as has been pointed out, this hobby has become about status and spending more than the next guy in far too many cases. Faceplates as thick as a floor safe, blue LEDs, book matched veneers, and perfectly executed lacquer finishes provide as much pleasure and price of ownership as one that provides stellar sound. Sometimes, even more.
And, for the record, my wife wears a Rolex, and my daughter a Timex. The Timex seems to keep perfect time. The Rolex has been sent back twice in 5 years because it does so poorly at keeping time.