Eye of the beholder, my friend! I've got a cheap lugged steel frame -- a 1985 Bridgestone that sold for maybe $300 as a fully built up bike when it was new -- and there is something just plain sexy about the look of those subtle lugged joints. Not drop dead sexy like a Llewelyn or a Columbine, but special enough. I don't kid myself that those lugs make one iota of difference in performance or feel, and I'd be crazy to think that repairing that frame (should it ever get damaged) is an economic viability. I just like how it looks.

I also think that 90% of the TIG welds I've seen are absolutely hideous. So it's all about personal taste/aesthetics.

If you like the way lugs look, spend the extra money & buy a lugged frame.