If you're asking about "action" - no, I don't care. Being flashy has no practical purpose outside of the show ring, and since I don't show my horse I don't really need it. And, quite honestly, I've been to some NWHA shows (as a spectator) and was not all that impressed by the winners of the rail classes.
Some of them moved more like hackney ponies than Walking horses. Many still had the same stiff necked movement that is common among "padded/performance" horses. I guess I'd make a lousy judge, because none of the horses that (to me) looked like very natural, enjoyable riding horses were placing at all. The ribbons kept going to the "action" horses.
Again, that may be the "look" they're going for in the ring, but when I'm on trail I have no need for it. It's just burning energy for no reason. I want that energy so we can stay out on trail longer. There isn't a judge or crowd out there that needs to be impressed.
I want a horse that is smooth, yes. And one that can move along at a nice, swift walk comfortably (for me and for him) for a long ride, but can can shift gears when the terrain requires him to go more cautiously, or when it allows for us to open up and do some cantering. I want a horse that will pick his way through tricky footing, large rocks or downed trees. That's the only time I want or need a horse that lifts his feet.
"Parelli horsemanship is just like painting by the numbers. You need absolutely no skill. You just put this color here and this color there, and when you're done, you have ... a mess no one wants." mp