I have a small collection of MC carts, and a large collection of mixed MM and MI carts. It took the $1200-up range for me to really appreciate what a MC could offer, but I can still have my toes curled by a bunch of MM/MI carts that cost me a fourth to about half of that.
Not knocking the lower priced MCs- I have a bunch of highly enjoyable HOMCs and under $1k MCs that I really like- at that price, I think the different Audio Technica offerings (AT-33EV, OC-9 series) and some of the Denons are great options, and hopefully the new Ortofon Quintet series will deliver the goods too.
One thing the MCs do different in my experience is increased (some say exaggerated) detail and ambience, or air. To qualify this statement, I've been running a Dynavector Karat and Ortofon Kontrapunkt through an Aragon or Threshold pre-amp. Excellent gear but of course as always, room for improvement.
That said, there are a lot of fun vintage MM/MI carts out there to enjoy, and the vintage Shures are a pleasure for quiet evenings listening to the headphones, and the Ortofon Super 30 for when I want to boogie. These carts, and others from Grace (F9 series), Technics (EPC 100-205 series), Signet (TK-7 & 9s), Stanton (881/981), ADC (XLM/ZLM) and others have a lovely cohesive sound to them.
In fact, a good amount of techs state some of the better MMs are closer to the true sound of the master analogue tape. I forget who used the Ortofon Super OM 30 & 40 to compare their test pressings to the analogue tapes but it was a respected audiophile label. Sony had used Shure's later V15 series, others favored Stanton's 881 and 981, or the Technics EPC-100, or the Audio Technica AT-150, 160, 170 and 180 models.
In fact, here is just one article about it (there are more, for those who want to search out PDFs of older recording industry trade mags):
http://www.regonaudio.com/Stanton881AudioTechnicaATML70.html
What's my long-winded post trying to get across?
Basically, there are excellent MM/MI designs that can bring lots of enjoyment to the table. And perhaps they are more accurate to the analogue tape.
But the better MCs at a certain level shrug off any shortcomings of the lesser entry level MCs to offer the potential of a more exhilarating and "technicolor" (for lack of better term)
listen and seems to excavate and flesh out some increased detail (for better or worse).
And what of the claims by the recording artists that the MMs they use are a closer representation of the analogue master tapes? It very well may be true, but Art Dudley once quipped that accuracy may be what audiophiles aim for, but are rarely pleased or satisfied when they achieve it. Can a bit of exuberance really hurt? I don't think so- in fact I find it makes listening more enjoyable. After all, recordings are inherently flawed as they are mechanically separated from the real thing and we must take into consideration the limits of the recording technology.
For me, most of my listening is done casually and I enjoy the heck out of some great MM/MI designs, but those upper MCs add a dash of zest to a listening session when it's just me, my records, and perhaps a tall cool one, and nothing else.