As many have argued previously, it's merely kicking the can down the road.
Seen that way, I agree. It is a toy system to play with.
One person's permutation toy, is another man's erector set.
Look at the massive level of innovation being unleashed on Ethereum (and Raiden is bringing payment channels to Ethereum very soon, well before Bitcoin will have LN):
https://bitcointalk.org/index.php?topic=1839699.0Bitcoin is mucking around while Rome burns. Meanwhile Ethereum might just land on a killer app and leave Bitcoin in the dust. We'll see...