Yeah. In that particular case, the pilots of LAPA heard the warning early enough (they reacted to it), one of them asked what the hell that was, the other replied he didn't know but everything looked fine, and basically it looks like they decided to ignore it and continue with the TO, although it can be guessed from the audio that they kept looking around to see if they found the cause (obviously, didn't look hard enough or couldn't figure the right cause, for whatever reason, which seems to have been the lack of flap deployment).
Seems the pilot had 6,500 hours of experience, but only 1,710 on 737. The copilot 4,085, but only 560 in the 737. During the CVR conversation the pilot comes across as a bit overcondident, perhaps, but this, of course, is subjective and can not be extrapolated in general but to the minutes before the accident.