To each his own. I think the second Subaru in the above picture looks like a crappy 80's Corrolla. The first one (bug eyes as they're known) are quite possibly some of the ugliest cars I've ever seen. Subaru finally got it right with the newer Impreza's. Sleek, just like their performance.
Here's a comparison shot, showing mine next to an 06-07 owned by a guy I work with.
I don't understand how anyone could prefer the looks of the older ones.
And how could it ruin the image when you've got people like Ken Block representin'.
YouTube - KEN BLOCK GYMKHANA TWO THE INFOMERCIAL