Indeed, I bought it and it has never let me down. There will always be a better one in the future, but then, you can also wait until you die. The iPad4 was not a lot better, it was the iPad Air that made the difference. And the Air2 was even better, that's the one I'm using now. 2 1/2 years old and still a joy to use.I loved mine and did quite a lot of drawing on it with pressure sensitive styluses.. My wife now uses it for occasional browsing/youtube etc. It's slow compared to modern iPads but all the old ones are? I never had big problems with it.
The hate for it seems a little overblown.