I never knew what I was missing, in terms of what a truly sharp edge is capable of doing, until I decided to make more of an effort to make and keep my knives (all of them, including traditionals) as sharp as I could possibly manage. I think if one is asking the question, 'Is sharpening overrated or necessary?', then most likely that same individual isn't really putting any of their knives to the uses they're capable of, if they'd been kept truly 'sharp'.
My own parents have kept and used a block set of walnut-handled Chicago Cutlery kitchen knives for 30+ years, and I don't think they were effectively sharpened (if any attempt was made at all) in that entire time span, until I started 'tinkering' with them myself in the last ~5 years or so. Viewing the question from that perspective, I can see it IS possible for some knives to be minimally useful with virtually no maintenance of the edge. But also viewing from that perspective, I'm certain there likely was never any knife in their kitchen actually sharp enough to cleanly slice a tomato without mashing it. And probably not coincidentally, I don't think I've ever seen them use sliced tomatoes at all, on a sandwich or whatever, UNTIL I'd sharpened a frequently-used paring knife and started bringing tomatoes home for my own uses (and then my Dad started slicing some for his sandwiches, with the newly-sharpened paring knife). Until that happened, all of the kitchen 'cutting' chores have involved forcefully pushing dull blades through food, usually on the ceramic tile countertops. From that perspective, I think one's own knife-utilizing habits will eventually become very, very limited in effectiveness or usefulness, if the knives they're using never get sharpened at all.
BTW, that paring knife didn't get sharpened until my Dad had watched me slice tomatoes with my own traditional pocketknife (often a stainless Sod Buster Jr.). He finally 'hinted' he could appreciate a sharp edge on the paring knife, if I was 'interested' in making it so. I didn't think he'd ever ask me outright, so I pounced at the opportunity.
David