Good project managers are invaluable. I'd much rather explain status to a sympathetic ear and have them reword it for diplomacy than try and directly advocate with executives - and I celebrate any customer communications I don't have to be a party to.

When PMs act like part of the dev team and handle the communication side of the project it lets devs focus on the important shit... and if your PM is asking for daily updates then they're too green (or you're too unreliable) to have built up a good level of trust. Nobody fucking cares if a project is delivered at 3PM or 4PM, so who the fuck cares about daily or hourly project updates - the status won't be materially different.

It's like managers or fellow developers - good ones are invaluable and shitty ones make everyone's lives harder... the difference is that PM seems to be a position that attracts do-nothing folks so it's more likely you'll get a shitty roll.