Agreed... nothing more annoying than coming off stage and having someone say, "you know, I can feel the bass but I can't really hear the notes." I work hard to play precisely and with good articulation, and I expect that to get across in the mix. The bass note fundamental should be coming from the bass guitar, not the guitars or the keyboard. Like Entwistle famously said, "I want to hear the NOTE".
Not that you don't want to feel the bass either, but with the way P.A. cabinets and EQs have evolved, if you're paying good money for production there's really no excuse not to be getting both that nice round "thump" and a well defined bass note out to the house. If that's not happening you either need a better P.A., a better soundman, or both.