oooohhhh! differing opinions!
Well, my opinion is based on media, not experience. So I'd take the opinion of somebody who has experienced different types of variable valve timing blah blah blah...over mine.
The main sense in which I would agree VTEC is overated is the way alot of kids think that VTEC is like nitrous or other kind of boost. Yes, I realize that at one point VTEC will "kick in", but it's NOT like when a pair of turbos kick in!