I guess it depends on the thing I'm watching if I'm honest.

I like watching dubbed anime at times mostly because I'm not interested in watching a japanese anime purely to have to read the text on the screen. I wanna just watch a damn anime. However sometimes I can't always get the dub so I'll be forced in to subs which is fine. I'm good either way but frankly the dubs get more of a thumbs up from me.

With movies it can really go either way, the Japanese version of The Ring was scary not because the film was actually scary but because the person watching it is busy reading the subtitles and then suddenly something will happen and it can make you jump that way that's what it was for me so yeah the American version didn't suck entirely it was just like watching the Japanese version without reading the subs neither one was particulary scary if you didn't read the subtitles. I remember watching the Swedish version of Stieg Larsson's "Girl With The Dragon Tattoo" and it was dubbed however and I was like "OMFG this is some of the worst dubbing ever!" and couldn't physically bring myself to sit through it though I popped it on again in the Swedish with the subtitles and suddenly this entirely made sense. I guess it helps with any dubbing if the actors doing the dubbing actually capture the emotion/inflection of the vocals rather than just read the lines of the page. Good dubbing can be awesome, bad dubbing terrible.

That said, in Poland it is highly unpopular to subtitle any film, in fact all western films/TV are dubbed in to Polish. Often you can hear the original English audio track behind the dubbing which meant for me, even I could enjoy sitting down to watch a film with my ex-girlfriend's family. However I will say Polish dubbing is actually quite funny in that often an entire film is dubbed by 1 person. All lines, all parts will be read by the same person regardless of the gender of the role. This makes for funny conversations especially in Romantic comedies. Also Polish dubbing is completely and utterly devoid of emotion. There is absoloutely no change in tone or pitch for emotional scenes, try watching a sex scene with a deep guy's voice in a monotone pitch speaking the lines....funniest ever!