The name of the variable should describe what it is. Good variable naming makes Hungarian notation useless.
However, sometimes you'd use Hungarian notation in addition to good variable naming. m_numObjects has two "prefixes:" m_ and num. m_ indicates the scope: it's a data member tied to this. num indicates what the value is.
I don't feel hindered at all when I read "good" code, even if it does contain some "Hungarian." Right: I read code, I don't click it. (In fact, I hardly use my mouse ever when coding, or any voodoo programming-specific lookup features.)
I am slowed when I read things like m_ubScale (yes, I'm looking at you, Liran!), as I have to look at its usage (no comments!) to find out what it scales (if at all?) and it's datatype (which happens to be a fixed-point char). A better name would be m_scaleFactor or m_zoomFactor, with a comment as a fixed-point number, or even a typedef. (In fact, a typedef would be useful, as there are several other members of several classes which use the same fixed-point format. However, some don't, but are still labeled m_ubWhatever! Confusing, to say the least.)
I think Hungarian was meant to be an additive to the variable name, not a replacement for information. Also, many times Hungarian notation adds nothing at all to the variable's readability, wasting bytes and read time.
Just my 2¢.