Eh, I'm fine with the special effects. It's as good as a lot of shit from the 80s we can still watch without bitching, so I don't see the problem.
I'd rather the effort go into the writing, directing, acting, cinematography, props, costuming, editing, score, etc. All the stuff that isn't just a nice bonus if you just happen to have millions of dollars to piss away, but which the film will suck without even if you do have said millions to toss on a CG porn bonfire.