It is not allowed by law (the light has to be either constantly on, or it may be turned off if it isn't dark), it can trigger epilepsy, it is distracting, and it is selfish and not 'cool' at all.
It also appears to be common in PC desktops to enable all kind of LEDs, without allowing them to be disabled. Especially in all kind of colours (which Razor dubbed 'Chroma'). Not my cup of tea, a waste of aesthetic and electricity but the worst thing about it is that I pay premium for such feature because it is deemed 'cool' by the target market.
FWIW, I use a strong light in the morning to wake up. It doesn't flash.