Well, technically no. Chipped polish still looks better than loads of cuticle and/or dirty finger nails.
True, but there's a middle ground. I prefer not to polish my nails, but I do take care of my hands and keep my nails clean, shaped, and trimmed to a nice length (between 1/8 and 1/4 inch). My regimen takes about 10 minutes every three weeks or so and doesn't cost me a dime.