I think it depends a lot on the song. I like a lot of songs for their lyrics, but if the musicality isn't there, it's never going to be a good song. There are tons of songs I like that have pretty trite lyrics, but they sound great. I even like a lot of songs that sound good, and the lyrics are good, even when I don't like the message of the song. I'm probably more lyrics focused than the average music fan, so the best songs to me have great music and lyrics, and I can really enjoy a very simple song (so long as it still sounds good) if it has great lyrics. I like a good story song.

Listen to the lyrics of the song Hook by Blues Traveler. It's all about how lyrics don't matter/no one cares about the lyrics, so long as the song sounds good.