One of my favorite furniture looks is classic furniture painted in bright, high gloss colors. The pieces provide such graphic pops of color to a room and provide a modern, youthful perspective on classic styles.
While I still love the lacquered look, I'm really starting to appreciate pieces that use a layer of glaze or a little distressing over deep color--or those that have a natural patina from years of wear. These pieces still look modern, but have layers of texture that add subtle depth to the space. They also provide gorgeous color in a space without drawing the same amount of focus that bright, shiny lacquered pieces do.
I've also realized that the combination of bright colors and a lacquered finish cause a piece to be very advancing, and very easily become the focal point of a room. Too much of that in one space can make the room feel overwhelming, and your eye won't know where to go. So even though I still love those bright, shiny pieces, I think most of the pieces I use in a room will have a little more depth to their finish.