I am in complete agreement with you, Jeff. I have tried several types of serrations, including the Spyderco style, on two different knives. My last partially serrated knife, my Byrd Raven, is now a plain edged, razor sharp cardboard fiend. I find it cuts rope, and everything else, better now than when it had teeth.
As far as rope cutting goes, I have a little anecdote:
I work at a company that sells, among many other things, roadside signs. We had a customer come in to pick up several large aluminum signs, like six foot by four foot. He was tying them down in his trailer, but the only rope he had was about 300 feet too long, so he was going to cut a piece off just for tying the signs down. This rope was about 1 1/2 inches thick, wet from the rain, and dirty/gritty. He had a serrated knife that he tried, and it wouldn't cut. It kept catching on the fibers. So, he pulled out a razor knife, which was obviously in need of a new blade, and it wouldn't cut. I walked out to the shop and found him struggling with a pair of wire cutters, snipping it strand by strand. I offered my new Queen Canoe in D-2 steel, with an edge i put on it. He declined, and finished making a ragged, nasty looking end on the rope. He mentioned the other knives inability to cut the rope in his decline. I promised him mine would cut it. He held out the rope and said "Give it a shot". My knife was out in a flash, and hissed through that rope without slowing down. It didn't even make a sound as it passed through. He was shocked, but I knew that a good plain edged knife would have no trouble.