Why not, if it's used effectively. George Harrison added so much sparkle and chime to those early Beatle songs with his Rickenbacker electric which inspired McGuinn to get one and produce all that great stuff.
I owned a cheapo 12 string when I was first learning to play and was obsessed with Leadbelly's "Keep Your Hands off Her" but didn't get too far with that high action. I pulled it out of the closet when I heard Kottke but then I found I liked his tunes for the 6 string better so back in the closet it went and eventually it got traded for some weed.