I am torn. On one side it is one of the most effective kind short of a direct referral by a friend. I can understand that if you despise the idea of advertising as a whole then it can be seen as manipulation. (Personally I don't mind)
On the other hand I think that it is the one that blends the best and can even have some value. For example I can imagine that people enjoy a car heist movie more if actual cars that exist are being used as opposed to some made up stuff.
In France there are laws against "accidental" advertising so in news and TV almost any brand will be taped over or blurred. It is actually way more jarring and ugly than just leaving it as it is. It is especially funny when you have the logo of national rail company, which is basically a gradient, blurred.