I would have to disagree. It is just about the fastest deveopment tool available for making "forms over data" applications for businesses. A big, all-singing, all-dancing development environment it is not - making it much faster and a lot easier to use PROVIDED you use it for what it was intended.
If you think it is pointless then you either haven't tried it or you aren't in its target market.
Once you've got to know it you can produce good looking, functional applications in minutes or hours that would take days or weeks with more traditional tools. The applications come with lots of standard features such as "dirty data detection", complex validation and optimistic concurrency resolution with no effort and you can convert from 2-tier to 3-tier or move from in-house to cloud services by ticking one box.