This is a question I both loathe and respect depending on where it comes from. Its not a question of effective interface design, but rather 'should the UI be a strong selling point for the software product'?
This question impacts project planning, design and over-all cost. However you will not find many ergonomic or "sexy" requirements in formal product development specs. Can the sex appeal of software even be captured in a spec document? I doubt it.
I read an interesting thread on The Human Capitalist discussing this very topic and would be interested in hearing your thoughts.
Sales people will tell you that a "sexy" UI (whatever that actually is) will sell a product every time. And indeed this it quite often true if you're not selling to the actual User, but to an Exec that will never actually use the product. Often, these decision makers equate a flashy interface with functionality. Sad but true.
Over the last 2 years I have been asked to work on sexing up many products that are failing to sell. They are great products but are starting to look old when run on newer platforms such as Vista or when compared to other products that have a 'ribbon bar' or something similar.
So, does the UI have to be "sexy" in order to sell? If not then just how do you sell functionality over UI sex? How much of a priority is the UI design?