I have it on good authority that extract beers can be OK - however I believe that the only way you can make good extract beers is if you have access to a source of fresh malt extract. If you live somewhere like I do, with the nearest major LHBS a seventy k round trip, and the extracts at our small LHBS being rather old and stale, then forget it. I've tried it a couple of times and they turned out tasting exactly like my old man used to crank out in the 1950s in a plastic garbage bin.
Light dried malt extract isn't too bad, but as it's more for baking purposes it can give unwanted side effects such as chill haze. In my kits days I found the best option was to use a light tasting kit such as Canadian and trick it up with hops and some LDME, but use finings heavily, and produced some nice beers. Extract brewing is no more complicated than kits and bits, just that the contents of the can or bag are unhopped. Try it and see.