I like both bearings and washers in well made knives.
I very much enjoy my bearing knives, which are mostly ZT (0560BW, 0561, 0562, 0801), plus a Spyderco Domino.
I have done action jobs on a few of my knives (used a extra fine strop to polish the PB washers, pivots, and blade tang), and for the most part, the results are fantastic. My tan/bead blast Franken-Skyline, for example, is crazy fluid smooth, and actually difficult to flip without successfully locking open.
The way I look at it is, you gotta love the wide variety of knives available out there.