I love LCY... couldn't care there is no lounge. As dddc says, it's nice to sit and watch the steady stream of planes arrive and quickly go on their merry way again.
Not only that, but from landing you can be on the DLR in about 2/3 minutes!
Admittedly I generally get a flight pre-5pm or post 6pm if flying from LCY when it's a little quieter.