While I too would be all in favour of "grey" evil (or better yet, a situation where the distinction between good and evil essentially comes down to one of viewpoint), I think there is still a place for "pure" evil - but it becomes a matter of plausability.
Where the "Big Evil Bad Guy" is human (or for the fantasy/horror writer, was once human), I would expect him to have some semblance of humanity, or at least an explanation of where that humanity went. This is where the "grey" or complex villian comes into play. He may be still salvagable, he may still have a change of heart, or he may just be running on ostensibly "good" purposes that simply run contrary to the hero's purposes. Or he may simply have passed the point of no return, as in the case of insanity or a technological/magical experiment gone wrong, where at least the reader can understand what has happened to him. Stories that involve protagonists of "ultimate evil" who are normal humans can come across as stereotyped and unimaginative.
On the other hand, the "pure" evil villian can still work for the discerning reader when the protagonist possess an anatomy or a psyche that utterly differs from our own, for example in the case of an alien species (Starship Troopers), a machine (The Terminator) or a supernatural force (Lord of the Rings). In such cases we can reasonably expect there to be no possibility of a peaceful solution or a change of heart - something that is always possible when dealing with human villians - so that "Ultimate Battles between Good and Evil" can occur, instead of the fight being little more than a clash of ego and politics, which most real-life wars ultimately are.
It really comes down to a matter of style and what sort of story you are trying to write. If the writer is writing a military-orientated story, he probably wants to avoid the moral dilemmas of what to do with prisoners and drawing the fine line between "necessary use of force" and indiscriminate murder (unless the writer wants to depict his hero as unhinged to a greater or lesser degree) in which case an alien or a machine enemy is probably the way to go. Who's going to complain about the indiscrimate massacre of prisoners when the "prisoners" are non-sentient machines? On the other hand, the story of a pan-determined moralist forced to fight in an unnecessary and senseless war against people he has no personal quarrel with would make an interesting story in itself, albeit a very different one.
Essentially, the choice comes down to style and plausibility. Good V Evil stories tend to be more action orientated and less concerned with moral dilemmas or ultimate motives. "Grey" stories tend to deal with more complex issues, but can be more true-to-life and hence more plausible and realistic. It just depends what sort of story you want to write.



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