I think a lot depends on the truck it sits on. Mine is sitting on a glacier gray platinum which means paint-matched bumpers. Wheels are change out to some anthracite rims w/ black rings, so while not being blacked out, there's not a lot of chrome left, and lots of black highlights. It looks really nice on the truck, and I wasn't really keen on the boxy look originally. It's fully functional, which is why I bought it. It's really grown on me. I have the old style, and glad I do. I like it much better than the new one.
My last truck had a steel shell with barn doors, and was paint matched to the truck from the builder. It looked good, as I think a paint matched shell does, But I think I like the original black the smart cap comes in better