well, I think if used PROPERLY and not be turned into the newest type of text flood it could be good for some people. Me personally I'm fine with the ASCII equivalent. If smiley flood protection (for the ones mirc interpreted on the user's end) was installed as well, it would be a more managable idea. Like if there was an option for:
1) Dont show more than ____ of the same smiley (enter a number in the field)
2) Dont show more than ____ smilies at a time
etc etc and then give us a place to enter in all the ASCII smilies we want (similar to the Ignore File extensions list for the DCC Recieve) to so the flood protection could catch it. yes, it could be a huge list, but this way WE become monitors of the smilies which would then make a few more people happIER about then being implemented.
My big thing with smilies is I dont not want my IRC program turned into an IM program (as I've mentioned before). if the above ideas were used in tanden and on the program level, I myself MIGHT be able to give my ok on this (even tho I rarely IRC anymore).