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In my opinion an articulated display (one that rotates to allow viewing at different angles) is a big advantage for a modern camera. But I see that most professional and/or more expensive cameras do not offer it.
An articulated display is a long-time standard feature for all video camcorders, yet most modern DSLRs with video capabilities offer no such feature.
What is the reason for not making the articulated display a 'standard" feature on any high-end camera?
Articulated displays are just another moving part that is not typically necessary on pro grade equipment. Adding a screen like that will likely increase the size of the camera, and also make the screen more vulnerable to damage and wear.
Some pro series cameras also now have options for external LCD screens that can be attached to the body. Many videographers use these.
The main advantage to me, is to use the camera from odd angles. If for example you were at a concert and wanted to capture an image of the band, but you were short - you can use the articulating screen to still see what you are capturing. The same goes for objects down low.
Finally, I personally rarely use my LCD screen for image capture, I am much more inclined to use the viewfinder if the camera has one.
There are 2 pros as far as I am concerned and they are far less beneficial that the one con. First the two pros:
Now, the one con which is the reason I avoid buying cameras with a rotating LCD:
To me the biggest advantage of an articulated screen is for video. Using the viewfinder for even a minute will tire you out very quickly, DSLR ergonomics are not really made for video. While using a tripod is of course preferred in many cases it's still reasonably useful to hold the camera at waist height using your neck-strap and record video that way, the image would be stable and with a flip-out screen you can monitor the action. I'd also highlight that this isn't how you'd normally use the screen on a conventional camcorder.
IMO, if a camera offers good video capability (say 1080p@30fps) then you should be able to take advantage of that, without an articulated screen those features are going to waste.
On the other hand, I avoid using the screen as much as I can to conserve battery.
I use a Canon with vari-angle viewfinder on a triocular compound microscope taking photomicrographs. Being able to angle the viewfinder so I can see it while seated (not standing) in front of the scope is esential....vari-angle makes that possible.
