I'll cheer lead vaccines from a team sport position all day long; in this case I'm doing so from that perspective and from the perspective that the vaccine has shown to have a significant (order of magnitude) impact on death (etc, etc).
I don't think it's totally unfair to call it 'underwhelming' though. We are so used to vaccines being wildly successful at stamping out a bunch of diseases that when something as virulent as this comes along & the efficacy isn't as high (in no small part due to the fact that so many countries decided to make it the only line of defence), it's easy to be disillusioned.
I live in Queensland, Australia, where we had lockdowns that were similar in harshness but much more limited in length. I am very familiar with the Melbourne lockdowns (one of my colleagues got stuck there for months after he got trapped there after going down for a 1 week holiday).
We probably just got lucky that we didn't have a Melbourne-style outbreak. But the simple fact is the lockdowns prevented us from having a widespread outbreak before the vaccine was deployed. The lockdowns sucked but my anecdata from my network (certainly generally privileged people whose careers were not wildly affected, so not a representative sample) was the lockdowns were worth it.
It is trivial to look at mortality rate data between, say, US/UK and Australia to see the impact that the lockdowns had. It's simply undeniable that they saved lives. People complaining loudly about 'draconian' tend, in my experience, to be dipshit libertarians that would never brook any lockdowns under any circumstances simply because of their insane political views. Others complaining about lockdowns not working tend to be talking about their own lockdowns in their own contexts which were not as harsh as Melbourne (which, arguably, ended up working).
Of course we have more COVID deaths than before - we've dialled back all the preventions! The policy decision was made to let COVID run free through society and that the vaccines (which we both agree are imperfect, but perhaps I'm the only one that acknowledges they're vastly better than nothing) were the only mitigation that we're apparently willing to tolerate.
We've done fuck all about it and everyone seems surprised that the body count is still so high. I don't know why people are still surprised people are dying - we've clearly decided the policy position is to sacrifice people on the altar of the economy and that people are bored of dealing with COVID. We're not bothering with other mitigations despite it being a top 5 cause of death in Australia (top 3 in the US?).