No it doesn't? I buy a bottle of something every day, these have never been trouble. Not once.
The first time I noticed it I thought, "neat" and that's it.
How does it get in the way? You open it and it stays there. Out of the way of anything you might use a bottle for.
Are there different ones? Because I've only ever seen the one, and it's the same one everyone hates on in pictures and videos online. Yet people say there are good ones and bad ones?