I generally quite like McQueen, but I agree totally about those shoes... they are really unnattractive. I know that he (and Stella McCartney, for that matter) have really felt pressure by the execs at Gucci Group to make their brands financially solvent. I believe that only Bottega Veneta has yet really to make much money, followed by Balenciaga. But, of the other smaller brands under the Gucci umbrella, I know that McQ and Stella have yet to make a turnover.
So, hence we see LOTs of collaborations (Stella for H&M, Stella for Adidas, McQ diffusion line, McQueen jeans, McQueen for Puma, McQueen perfume, etc.) but after the initial wave of interest passes from these McQueen shoes, I think we'll be seeing lots of them on ebay for $50 or less.
Especially look at that awful sneaker with the buttons sewn all over it. What was he thinking???