I think anybody who is a true lover of films and not just some art-house douche (I'm only a partial art-house douche) or censor-happy type can appreciate horror movies' signifcance as a genre.
I know a lot of people who are horror fans dislike Ebert (though I never understood why), but there's a quote of his from his review of Halloween I always liked.
"Credit must be paid to filmmakers who make the effort to really frighten us, to make a good thriller when quite possibly a bad one might have made as much money. Hitchcock is acknowledged as a master of suspense; it's hypocrisy to disapprove of other directors in the same genre who want to scare us too."
Basically, GOOD horror movies are already respected. Schlock horror, mindless gore-fests, and stuff like Friday the 13th (I'm a fan of the series, but I'm sorry, the majority of them were not good movies) aren't, and deservedly so for the most part.
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