Don't know about the lisp, but the obviously gay affectations can be hot. As long as it balanced with masculinity in other ways. I used to think that I didn't like femme guys, but now I realize its not a deal-breaker either way. If a guy is femme, I can love him for it, but its not like I miss it when its not there. Sometimes. As JR said above, being obviously gay is a convenient way to out yourself.