It usually doesn't bother me, and I sometimes do it when called for, no big deal.

That said, once in a while someone will bark it out in a manner and with timing that is clearly unfriendly, a couple going as far as making snotty comments about me not "making way".
It's perfectly fine if someone is a racer or plays one on weekends, but they have no right to expect others to play their special games. Ones expectations should end at the rules of the road or trail.