In live play, as someone who actually raises their hands pre-flop and misses, I rather like the practice - depending of course on who's doing the donking (ie - they're donking into ME, not me donking into them). Mind you I'm playing usually against people I've got a lot of history with.
My raising range is, I think, relatively well balanced, including mid+ pairs and mid+ suited connectors, so of course quite frequently I miss the flop, but if I have 2 or fewer callers I'm usually still c-betting (unless I know my opponent ranges to be already beating me and that they're not folding unless there's paint on the board when I c-bet).
So if I raise pre and whiff, the donk better bets out OOP, and I know they're only doing this on low boards with their mid+ pairs as well as the times they smash the board, it's an easy fold for me saving me the c-bet. Meanwhile my range is wider than they tend to think, so in situations where I pick up a huge draw or smash the board myself, I can walk the dog for quite a lot of value.
Obviously it's situation/villain dependent, but in general I think it's a terrible move for the donker - but great for me.