More value is created by the first sense of the word, IMO.
BTW. I have to ask, is "BLINK tags and Comic Sans" wrong on every occasion, on every target group, on every situation, on every web page, absolutely no matter what? Because if you agree that there can be one in a billion situation where "BLINK tags and Comic Sans" are acceptable or even good thing to do, then ... you are not professional :-)
No, the world only _looks_ grey. In a given situation there really is a right thing to do, and wrong thing. The details matter immensely, however, causing white and black to be right next to each other, and intermixed thoroughly. This leaves it very hard to tell what is the right thing to do, leading to moral dithering and apparently grey morality.
(I'm not really being serious. But I'm also not really being entirely unserious.)
It really is my experience that small details about a situation can turn my opinion of an action from totally justified to totally unjustified, or vice-versa. I wouldn't have expected it to be controversial that details can matter greatly, making judging many situations quite difficult either looking from the supposedly objective outside, or from the definitely subjective people on one side or another.