It's being done and it's not annoying like lolicore. But...someone finally mixed these two and I fucking love it.
Hatsune Kaidan(Hijokaidan and a vocaloid) LIVE!
BiS Kaidan(idol group and Hijokaidan) Here they're doing a noise cover of Jun Togawa's 'Suki Suki Daisuki'
Merzbow and Hatsune Miku <---I have no idea who mashed Merzbow and the vocaloid, but I think it sounds great.
and then there's this guy
watashino koko
I thought it'd could be cool to mash the two...then I first stumbled upon the Merzbow/Miku track and was pretty fucking floored at how cool it sounded. Anyways....pretty exciting to see this actually happening I guess.