I guess it depends on how it's announced. It can be either a friendly and casual yet slightly informative bit of information, or it can be obnoxious and irritating.
I'm guilty of combining personality lubricant with FFXI but would never do so for a critical moment in game such as a make or break HNM or BCNM or whatever; as I would be irritated too if it were lost to someone's lack of being sober and using proper judgment and skill.
All in all, it doesn't matter much as long as they're not annoying or being a *** about it or intentionally being stupid. However, sadly, I have run into a few parties before where one felt obligated to announce they were snorting coke as we exped. I would never tolerate that and disbanded immediately.
