I totally agree! I rarely go to their website for that main reason. Everything is a hyper link and I never know what to click on first. And I can not stand seeing things underlined on websites. (Unless it's used to bring attention for a specific reason in a huge paragraph or used for a specific reason).
I do find it ironic that Advertising Age has articles that are very critical of companies that move onto the web and then critique them for having either a bad functioning site or points out how bad that companies website looks – but they never seem to take their own advice.