It's funny how so many coders take offence at such trivial things. I always get annoyed by cuddled elses, although I don't suppose I could give a rational explanation for this!
I also feel annoyed by cuddled elses. My reason (rationalization?) is that because the else clause is visually further indented it seems to suggest that the clause is somehow less important, and it's also harder to see the structure of the code when the if and else don't align.