I think there is a blind hatred for T-Racks that can only be rivaled by that for Behrninger products and Amplifier modelers... which is odd to me.
Any tool that can help alter and adjust sound is gonna be good for someone. Just because you don't like it, doesn't mean it's crap. I don't like whammy bars on guitars for me, but that doesn't mean they suck. I don't like using Cubase, but that doesn't mean it's crap.
T-Racks is designed to change and adjust sound... just like a billion other products... how you choose to use it is up to you and one mans trash is another man's treasure. It's not like there is a universally accepted opinion of a good mix or a bad mix. Some people loathe Eno, some people love Bob Rock... some like really dry recordings and some like them bathed in reverb. So use T-Racks if you like what it does to your music. And if you don't like that sound, hey, there are a billion other artists and products out there that you might like.