Certainly most therapists these days don't place emphasis on it or deliberately cultivate it as an old-school psychoanalyst might have done.

In my therapy I speak about transference because it makes sense to me - it seems to describe very well the out-of-proportion feelings that I have about my therapist. He doesn't use the word except in response to me, its not a concept that he brought into therapy, it's something I chose to bring.

Most of the literature I've read on the subject (and I've read a lot, in an attempt to make sense of my feelings) also sees transference as a phenomenon that happens all the time in our every day life, not something pathological or something unique to the therapeutic relationship - the important difference is that (assuming it's done well) therapy gives us a chance to explore these feelings in a different way.

The term "malignant eroticised transference" exists precisely because the vast majority of erotic transference is not considered to be dangerous or unhealthy. There are rare occasions in which clients become dangerously obsessed with their therapists and will attack them or stalk them or sexually assault them. There are a couple of examples of this in the paper that BudFox mentions (which he also openly admitted to not having read).