I don't mind them, really. Kids like them, my kids like noisy things in general. So if they are not expensive I don't treat them differently then anything else they might like. On some level, I find them cool too, obviously not as much as children.

I honestly dont understand hate some people have against those things. Blinking and sounding toys have same future as old school toys - few chosen become favorite and stuck in bed, the rest forgotten in drawer or box relatively soon. No reason to fear them.