I'm hoping it is. We have ended up with really good tools compared to what we had before. Think about using commonjs requires, compared to the craziness of the Rails asset pipeline and sprockets, or manually specifying js files.
The best part will be when we're all standardized on ES2015 modules instead of commonJS modules. I agree with you that CommonJS requires are nice to use, but since they're not statically analyzable the way ES2015 imports are, optimizing compilers like the Closure Compiler can't really analyze your entire application, including its dependencies.
Once we've completely made the ES2015 transition (at least for front end modules), we might be in a position to see some really great front end tooling.
The approach itself yielded the issues such as that you reference, which have only been partially resolved by subsequent iterations of the same approach. I don't believe we should give credit for an approach that yields what is still a net-negative.
It's a new thinking that we need, not reluctant acceptance of the best sub optimal execution the old thinking can deliver.
We just need to standardize the glue...