I guess pinyin is more like the German tv synchronizing English series. I live in the Netherlands, where we have subtitles on English shows and films, because that is much cheaper. So we're used to English, we all speak English. We have German tv channels here as well, and especially back in the 70s and 80s, when there were only six channels on tv, that was annoying and kind of funny. Maybe Germans growing up with these German voices makes you ignorant about the fact that what you see and what you hear does not match, but for everybody else it's absolutely clear. I see this on Spanish tv as well.
But I disagree with you "comparable ridiculous English word". The thing is that any foreigner can read it, look it up, type it on a keyboard, and pronounce it, probably remember it with a little effort and then use it at parties or to impress people. But well, I guess I'm biased from my "roman" point of view, and maybe Asian people have the same "fun" with that strange Chinese character?