I use a magnetic chalk holder. I do think that any type of "aid" such as gloves or chalk holders look a little goofy. But that obviously doesn't bother me. I care more about the convenience of having my chalk handy at all times.
As for players that use them being dead money. Well, against a pro player or shortstop, that is obvious because I have seen none of these players using them. But in my county, it takes one of the top few players in our league to beat me. So I am definitely not dead money in my local area.
EDIT: I will add that I wear a glove only at home, as I don't want to get powder all over my home table. But when I'm out and about playing, I use a small amount of powder when my hands get sticky.