Danger: This is my own personal pet peeve. Don't let it influence you if it doesn't bother you.
I absolutely detest wiring run like that. I like all my wiring neatly tucked away inside wall cavities. And I don't want a hole punched in the goddamn wall. I want a neat install with a flush wall plate whether it is electrical, phone, ethernet, coax, speaker wire, etc. I have the same issue outside the house. I just can't stand it when someone runs a line from the demarc up the outside of the house, around the fascia board, back down the wall, and inside. Poke one neat hole and run that stuff inside, man!
I do understand there is some old construction that may not lend itself well to retrofits... but I would bothered by it every time I saw it.