It's great for those who want "shiny" armor. Not so good for those who don't find it appealing.
I'm one who doesn't find it appealing. There's already way too much unnecessary visual effect clutter in the game that I'm turning off. I really didn't want more added to it.
That doesn't mean I don't want those effects available for those who do enjoy them.
I'd like to see SE add a system, probably based around something similar to a glamour system, so those who want various glows on their gear can add it as an option instead of making it a default part of the gear. In turn, it hopefully would make it possible for players to select a toggle that would disable seeing those effects on other player gear. It could also vastly improve system performance for those relying on older graphics cards.
In the meantime, the glamour dresser can get a good workout hiding it.