Yes, the more you spend on gear, the less you enjoy music, the less you know about music, the less you care about music, the less you listen to music, the less music you have in your collection, the poorer you musical tastes, and the more you analyze sound and reproduction techniques and all sorts of other distracting things.
But what most people aren't aware of is that there are further side effects that have just recently been diagnosed: the more you spend on gear, the less likely you'll have any friends, the more likely you'll be overweight, the more likely you'll have bad teeth, the more likely you'll wear women's clothes (if you're a man, or wear men's clothes if you're a woman), the more likely you'll have an unusually high concentration of back and neck hair, the more likely you'll have sexually transmitted diseases (especially those contracted from barn animals), and the more likely you'll be a complete idiot in every imaginable way that I haven't listed (don't want to forget anything).
Either that, or perhaps being an audiophile (and in particular, one who owns expensive gear) and being a music lover are not, in fact, mutually exclusive categories (notwithstanding the powerful forces of this urban legend here at Head-Fi).