I've never been shocked or outraged by a cut card. If done nicely, an autograph card or jersey can be a great addition to your collection. I met Eric Idle once and had him sign the back of my business card. I then commissioned it to be turned into a card and I am really pleased with the outcome:
Seems to me that the card should be tailored to the signature, not vice versa.
As for wardrobe cards, I do appreciate the 'democratizing' effect of them. I don't take pleasure knowing that some rich guy has a piece of clothing in his den: honestly, who cares? I know I will never, ever own a Bruce Lee 'gamer' so I was pleased to get something I could actually own:
I also bought one of those Lefty O'Doul jersey booklet cards that Panini made. I get to have a piece of a Lefty O'Doul uniform that I would never otherwise own.
Unfortunately, most of the cut cards the manufacturer makes are lazy efforts to cram a cut into a misshapen opening. They rarely work out as well as they should.