> Their alleged benefit is they cut down development time
> Let's dispel with the myth that ORMs make code cleaner
This is very narrow view of what ORMs do; without them, access to the DB layer becomes a black box.
Actually, not even the black box definition is appropriate - APIs to access the DB layer are needed in one way or another, so one ends up writing their own ORM.
ORM APIs do a lot more than just executing queries. The first thing that pop into my mind is persistence/state management, but also, composing queries is much more than bashing together a series of strings.
EDIT: elaborated on ORM APIs role.