Regulated wall-warts do exist.
Instances where a wall-wart might make sense:
Equipment in small cases where the presence of a power transformer and mains wiring inside the case would cause intolerable noise levels.
Equipment that must be UL-approved if connected to the mains. Gaining UL approval costs thousands of dollars, but approved wall-warts are available off the shelf. Some facilities will not use mains-powered equipment that is not UL-approved.
In my facility, there's a number of items of expensive broadcast gear that use wall-warts or "line lumps", so it's not just for cheap, crappy gear.
Do I dislike wall-warts? In general, yes. But sometimes, I can understand very well why a manufacturer chose to use them.