Ray..my wife and I are TOTALLY addicted to Queer Eye. Of course, Carson does a great job of 'perpetuating the stereotype" of gay men, but the think I love the most is that your really feel a genuine care and concern from everyone that they're really trying to help the poor schmo out a bit.
I've also learned a TON of stuff that I've applied to my own fashion needs, as well as some amazing decorating ideas.
As far as the flamboyance goes..the guys are obviously comfortable with themselves, and ergo, that makes me comfortable watching them. Would I like to see them all make out? Uhm..no...but, I do really like watching how much they obviously care for and support each other.
...and I totally love when they rip on some dudes skanky/bitchy girlfriend/wife/mother, whatever... Cracks me up to no end.