I think another of the reasons that I stayed away from a lot of theory, was that a lot of theorists and musicians that i respected gave me reasons to do so.
For example, Wendy Carlos, one of the most talented composers (and theorists) of our time totally rejected traditional theory on one of her most innnovative and expressively brilliant pieces, the album 'the beauty in the beast'.
She was so against theory that she wrote the forward to a THEORY book about microtonality a few years after Beauty And The Beast.
http://www.amazon.com/Tuning-Microtonal ... 132&sr=8-2
This is after she had spent decades working in equal temperament.
I remember not knowing any theory and thinking that it was a waste of time. 18 years later, my only regret is that I didn't buckle down and learn the stuff sooner.
Basically what happens as a young musician is that you don't know anything and occasionally stumble into things that sound good. Then you learn a little theory and it starts to rule your music for a few years, and then you mature as a musician and you get to the point where you can take or leave the theory as you see fit.
Once you get past the awkward stages of learning the stuff, it is great to know. It doesn't limit you, if anything, it gives you a broader musical palette to work with. You can have more and bigger ideas because you have more tools in your bag of tricks.
If you ever want to make a career out of music, you are going to learn it. If for no other reason than the fact that you will start facing project deadlines and waiting around for happy accidents will not cut it anymore.
If I want to make noise, I can do that, If I want jazz progressions I can do that too. If something needs to be simple, I can leave it alone, if it needs to be more complex, I can go there too. Theory doesn't take away options. Being closed minded and forcing yourself into the straight jacket of "proper music" is what takes those options away. Steve Vai and Joe Satriani were always gonna suck because they have crappy taste, the theory only allowed them to suck more elaborately.