Not trying to say they don't exist, but I've just never witnessed someone with that title actually have a positive impact on any project I've worked on.
The only semi-positive value I've seen an architect have is when they counter another architect to allow the engineers get on with their work without interfering.
Maybe the issue with the job comes from the connotation that an architect is someone with supreme insights? Where as most usually, they just over simplify things and expect engineers to deal with the implementation details (the hard part).