alt Hacker NewsTimes New Roman was ruined for me after years of it being what InDesign defaults to when a font is missing (along with a big ugly pink highlight). Years of associating the font with something being "broken" has pretty much left me never wanting to see it again.
My personal bias aside, in terms of a typeface itself, it's ok, but it feels like there have always been a number of alternatives that are stylistically better or more readable.
But as with anything in type, it just depends on what personality/style you're wanting to convey with it.
as we used to say a browser failed to load CSS or parts thereof: "and the whole thing goes Times New Roman ..."
this became a replacement for the phrase "it's all gone pear-shaped" to describe a dire situation.