Recently, several authors have criticized time-symmetrized quantum theory originated by the work of Aharonov et al. (1964). The core of this criticism was the proof, which appeared in various forms, showing that counterfactual interpretation of time-symmetrized quantum theory cannot be reconciled with the standard quantum theory. I argue here that the apparent contradiction appears due to inappropriate usage of traditional time asymmetric approach to counterfactuals, and that the contradiction disappears when the problem is analyzed in terms of time-symmetric counterfactuals. I analyze various aspects of time-symmetry of quantum theory and defend the time-symmetrized formalism.