...I've become very skeptical of what's commonly considered to be "bad" consoles.
Seeing some of the responses in this thread makes me wonder too, especially the frequency with which the PS1, PS2, and PS3 have been mentioned. Maybe it has to do with the reliability of the PS1 and PS2 (I have gone through several), but this is all subjective and based on personal experience to an extent.
Also, there is a difference with getting these systems today as opposed to when they first came out. Back then, when a lot of us were teens or kids, speaking from personal experience at least, it would have been really disappointing to pay full price for a system and games and then shortly after find out that the system would be discontinued, or that there weren't a lot of games coming out for the system, or that the games sucked. I couldn't just go out and buy another system, so quantity and quality of games for a system was important to me, just like the longevity of the system itself.
Today, when we are adults, have jobs, and many are collectors and have numerous games and systems, I think it is easier to pick up a system like the 32X and enjoy the quality gaming experiences on it and maybe see its redeeming qualities. Not for me though, as far as the 32X is concerned. On the other hand, the SMS is another system that has been mentioned which I personally like. I have been playing the Sonic SMS games through RGB on my PVM and I am surprised at how good these SMS games look. I look forward to exploring more of the SMS library.