I totally agree. It's always been my main complaint about speedos. I think it's because they tend to be used for more athletic purposes and are worn predominately by straight guys. The more "designer" brands of men's swimwear are often a lot more well-suited for gay men and pool party attire. It's basically the same difference between Bike jockstraps and Andrew Christian. One is practical and designed to obscure the penis, the other functions basically as a sex toy, drawing attention to and advertising a guy's package, with a primary function of initiating sex.
I prefer the dirtier ones.