Plywood in Fine Woodworking?

Poll - February 1, 2015

OK, I’m currently up to my eyeballs in plywood now, finishing a project in my home. And, I have used plywood previously in some sweet looking projects, notably a home office center I had built for a good friend of mine who lives just up the street from me.

Invariably, however, once the topic of plywood comes up, emotions start to run high. Does plywood have a place in fine woodworking projects? Should all projects considered master works be completely devoid of plywood, or  is it OK, to have non-visible parts (backs, drawer bottoms, etc) made if it? Should it even matter?