Since my first job out of college, where I was working with SQL Server 6.5, I've been told that cursors are BAD, BAD, BAD! Cursors are evil! I was, eventually told the reason to be performance. In SQL Server world, cursors are still considered evil in most situations. I would submit that T-SQL code with a cursor would be considered "bad code" by many in SQL Server world, assuming there wasn't a code comment explaining the use of cursor. I'm not saying this is right or wrong, I'm just submitting what I would expect would happen.
Now get ready for it, with Oracle PL/SQL, cursors are often a BEST PRACTICE! This was, probably, the hardest best practice difference for me to grasp. Cursors are very much accepted as good practice in Oracle world. You'll even see them used quite often in Steven Feuerstein's Oracle PL/SQL Best Practices book that I found to be very useful.