Coming from someone with questionable taste in style - crocodile skin on a leather jacket?- I couldn't disagree with you more.
My point is that it's a colour that is beyond flashy. If you plan on frequenting upper class nightclubs, you'll fit right in with all of the other dbags. Otherwise, get a leather in a more traditional colour. You won't regret it, and you'll turn heads for the right reasons.
That being said, I actually like electric blue as a stand alone colour. I just think it isn't suitable for a leather jacket ad attracts a very limited market of buyers.