Not necessarily, although it mainly depends on the car and trim level I guess, heck mine is debadged 318ci sport and nobody who's seen it has sniggered or laughed or whatever due to the fact it looks awesome and shiny day or night!
Just driving through town some days people will look as you pass by - I very much doubt they'd be looking for a badge but more the car itself.
Debadging is a owner preference in my (and many others) case, I like the minimalist look and the majority f people here by now probably already know this
Op should debadge, and give the damn thing a wash