I was also initially skeptical about annotations, but seeing them in use, they can be a great thing. They can also be over used.
The main thing to remember about annotations is that they are static. They cannot change at runtime. Any other configuration method (xml, self-description in code, whatever) does not suffer from this. I have seen people here on SO have issues with Spring in terms of having a test environment on injecting test configurations, and having to drop down to XML to get it done.
XML isn't polymorphic, inherited or anything else either, so it is not a step backwards in that sense.
The advantage of annotations is that it can give you more static checking on your configuration and can avoid a lot of verbosity and coordination difficulties in the XML configurations (basically keeping things DRY).
Just like XML was, Annotations can be over used. The main point is to balance the needs and advantages of each. Annotations, to the degree that they give you less verbose and DRYer code, are a tool to be leveraged.
EDIT: Regarding the comment about an annotation replacing an interface or abstract class, I think that can be reasonable at the framework boundary. In a framework intended to be used by hundreds, if not thousands of projects, having an interface or base class can really crimp things (especially a base class, although if you can do it with annotations, there is no reason you couldn't do it with a regular interface.
Consider JUnit4. Before, you had to extends a base class that had a setup and tear down method. For my point, it doesn't really matter if those had been on an interface or in a base class. Now I have a completely separate project with its own inheritance hierarchy, and they all have to honor this method. First of all, they can't have their own conflicting method names (not a big deal in a testing framework, but you get my point). Second of all you have have the chain of calling super all the way down, because all methods must be coupled.
Now with JUnit4, you can have different @Before methods in different classes in the hierarchy and they can be independent of each other. There is no equally DRY way to accomplish this without annotations.
From the point of view of the developers of JUnit, it is a disaster. Much better to have a defined type that you can call setUp and teardown on. But a framework doesn't exist for the convenience of the framework developer, it exists for the convenience of the framework user.
All of this applies if your code doesn't need to care about the type (that is, in your example, nothing would every really use a Controller type anyway). Then you could even say that implementing the framework's interface is more leaky than putting on an annotation.
If, however, you are going to be writing code to read that annotation in your own project, run far away.