To be honest, I really dislike the direction production has taken in the past few years especially. For example, to me it seems like every band of off Roadrunner Records (for a prime example) has a very generic sound to them, with a flat dull drum sound, awful bass, generic guitar sound. And I can't help nowadays but when I first listen to a new album, sometimes I need time just to adjust to the production values.
Then again it depends on what type of music it is. If it's death metal I prefer good production but not overproduced. Death Metal that has a thick dull production will usually translate to a dull, bland sounding album imo. But death metal with too sharp a sound will come off as being almost artificial and awful sounding. Anything non metal or black metal, I usually prefer the older techniques over modern production.