Yes. Previous to the E-M1.1 I had the Oly E-3 which had the articulating screen. Besides not being able to simply tilt it out for a quick shot without fully deploying it out to the side, the way it stuck out on the side (like an old camcorder) always made me nervous of how "exposed" it was to damage if you should accidentally bump it. You know, physics, lever arm x force kind of stuff.
It was actually quite sturdy and, lets face it, who walks round with the screen out in an awkward position. You flex it to suit what you are shooting, then fold it away again either face in or out.