I've been cracking my knuckles for 40 years and haven't noticed any ill effects. If anything, it relieves tension for me, similar to stretching. I guess I wouldn't know if I would need to relieve this tension in the joints if I had never started in the first place.
I have found that some people are very annoyed with cracking knuckles, I found that out the hard way. But if you are going to run from a room from someones bad habits, you are going to have a hard life. I suppose if your spouse hated knuckle cracking, you would have a problem.