I voted "strongly disagree". To my eye, the M-E does not look ugly at all. That does not mean that I find it pretty, by the way.
Let's make this a bit more informative. What do I like? Clean, classical M design, the color scheme is to my taste.
What do I not like? If you are asking, the top plate is a bit too high, slimming it down would make more space for a larger display. It looks, as if the design of the proportions centered a bit too much around the display than the other way round. The body is a bit too thick also, the upfront Leica logo, the "eye lid" like silver stripes at the viewfinder window. Compared to the film Ms it is all looking a tad unbalanced, but still no way bad looking.