Not in the sense that the story is actually smart. I get really disappointed at the character depth in horror movies for example. I get disappointed at the fact what moves the movie forward is often not the goal of telling a good story, but the goal of scaring the living jeebus out of you without having a crappy story.
It makes it for me. Because I labelled as not smart in my opinion of course. It's dumb for me, because I consider myself relatively smart and the thrills it provokes IN IT'S ESSENCE (i'm talking about the essence of horror, the concept of horror itself, not movies that have horror in it) provokes a reaction in my more primal side of the brain, and not the more brain part.
Btw, just because I label something smart it doesn't make it smarter either.