I was doing a bit of photography research today and I happened across a German Lomography site.
Some of the images are excellent and it just goes to show that if you are really a good photographer then it doesn't matter what kind of equipment you use.
But don't take my word for it, have a look at these sample links for yourself.
Alison Scarpulla - very evocative, just as the site says.
Frank Machalowski - wonderful collection of black and white images.
And just for something extra, here is a fairly famous 'lomographer' from Brighton
Lomokev - aka Kevin Meridith