I hate it! People that get the gift hate it just as much. It feels like I use a whole roll of tape on one gift, so it takes people forever to open it, shy of breaking out a knife.
Surprisingly, my dh likes to wrap gifts, and does a great job at it. So he is assigned all the wrapping. However, Christmas morning he can always find his present under the tree without looking at the tag just by my horrible wrapping!