Chicago's Picasso Statue: Ugly or Not-So-Ugly?

Chicago has a lot of public art: the Buckingham Fountain, Calder's Flamingo, and the bewilderingly popular Cloud Gate (aka "the Bean").
My favorite piece of public art is an un-named statue in Daley Plaza. Most people call it "the Picasso" because the artist behind it was, you guessed it, Pablo Picasso, the great 20th Century Cubist artist.
Some think it's ugly, and maybe they're right, but I think it's super cool having a prominent piece of free public art created by a famous artist.