I'm sorry, but in my experience this isn't even remotely true. Do you have anything to support that claim? Having spent a good deal of time researching the codec your attitude doesn't seem to be the consensus either.
Just because it's designed for low bitrates and streaming, that doesn't mean you have to compress to the lowest possible bitrate for it to have value. Whatever theory happens to be informing your opinion, my ears would disagree, and frankly, when we're talking about something that works for me, then that's all that matters.