I really disagree on the bunch of global variables in a fancy dress idea. Singletons are really useful when used to solve the right problem. Let me give you a real example.
I once developed a small piece of software to a place I worked, and some forms had to use some info about the company, its employees, services and prices. At its first version, the system kept loading that data from the database every time a form was opened. Of course, I soon realized this approach was not the best one.
Then I created a singleton class, named company, which encapsulated everything about the place, and it was completely filled with data by the time the system was opened.
It was not just a bunch of variables in a fancy dress because this was had dozens of responsibilities, like communicating with persistence layer to save/retrieve data about the company, deal with employees and prices collections, etc.
Plus, it was a fixed, system-wide, easily accessible point to have the company data.