There's a middle ground. I go for the laughter and reaction of the audience. I don't go to hear the 2 people behind me have a conversation during the movie. Nor do I go to have people critiquing the movie out loud as we're watching it. I certainly don't go to watch people pop out their phones and scroll through social media or check their messages.
The midnight showing of movies like Rocky Horror Picture show are fun when everyone knows that audience participation is the entire reason of going, but that's the only time I want audience participation.