The ease with which jQuery can be extended is indeed a double-edged sword. It means that there's a rich ecosystem of plugins to choose from -- it also means that anyone and his brother can write plugins with varying degrees of quality. You need to pick and choose carefully.
In many ways, it's a lot like
Java 3rd-party libraries. There are many to choose from, and while that's not a bad thing, it means you have to do a little research before diving into choosing one.
I don't think it's a bad thing -- competition is good. If you only have
one to choose from, and it sucks, you're stuck with it. I like having a choice, even if it means having to do some due diligence up front.