I feel the same way. It would be odd for a modern game if combat was a sterile affair in which people slapped each other with what must be foam weapons until one side falls on the floor, but I get nothing out of seeing geysers of blood and chunks of flesh bouncing around with every hit - if used anything more than sparingly, such things would look absurd and distracting.
And as for the Dragon Age blood-splattered cut scenes - I'd like my party to at least carry around some towels, please, and to use them before talking to people.