You were too young to notice LOL. And I don't mean that in a negative way AT ALL.
It is a cool feature, as you said. Is it better than just being all black? That's in the eye of the beholder. It's just another thing, though, that gets changed and lost over the years. Just like the stiff padding inside the upper I and others brought up previously. That's how history gets eroded. Next thing you know, no one knows any better and thinks that's how it was (see the black/cement III retro thread). Oh, I know, it''s not that serious ... these are just overpriced shoes, anyway. But a retro shoe is by definition all about nostalgia, and if you were there originally, is part of what made it cool in the first place. But these latest/upcoming XI retros are decent. Improvements can still be made, though.
EDIT: Actually JRepp, I don't want to say you were too young, that's irrelevant and unfair. You just didn't have the OCD some of us suffer from, and that's a good thing.