Does watching a film using subtitles lessen the experience?

It is my opinion that when watching a foreign film that requires the viewer to follow along using subtitles the ability of the viewer to address the quality of the film is significantly hindered. For example, how is a viewer suppose to judge the quality of the acting when he/she is not familiar with the language being spoken in the film but is instead reading the words as they come across the screen. What do you think? Do you think that repeated viewing of foreign films gives one a better ability to judge the acting despite being in a foreign language?

Also, I would really appreciate it if you checked out my list of the 100 greatest movies ever made

http://www.imdb.com/list/ls058949608/?publish=save

I still have minor adjustments to make, but please let me know what you think.

Thank you!