duke has said it very well indeed..
i'd like to c fwd in light compact not so very powerful cars,but in no way do i believe that fwd translates into safe and uninspiring driving..if it is executed in a manner that driving and steering through the same wheels is not a disadvantage then the result is a fine one indeed(for example new astra vxr,renault clio trophy,golf gti mk1/mk2,honda prelude 2nd gen-it got 4 wheel steering-).
however,id prefer rwd in a sportscar anyday,however oncwe more rwd does not mean good handling by it self,for example the previous merc clk or slk,they had a refined character and ride yet didnt handle as well as other rwd cars that were set up to offer more in terms of turn in speed and a more neutral(no over/understeer) character through corners.
so,for me,it depends on the application.if u want a commuter car without a bigpricetag,fwd is fine as it is lighter,therefore requires less power(smaller engine,less consumption,less money) and no extra costs in order to make or install the mechanical parts required at transfering the power to the rear wheels.
if however u're going for an out and out sports car with an average power of say 250-300 rwd(if 4wd is out of the question here)is mandatory.