What are your thoughts on this issue? It seems to me that most traditional publishers tend to favor a highly descriptive style which includes lots of detail about many things. However, I personally prefer to write in a more concise, fast-paced style, focused on what happens in the story - action, dialogue, and so forth.

This is the type of pacing I prefer to read as well, and I also think it might be more true to many third or first person POVs. That is, would you or I really think about the type of fabric the jacket we put on every morning is made of? Probably not, most of the time, and IMO the same would likely hold true for most characters (who has been living in that world their whole life) interacting with things they use or see every day.