I think to a certain extent, yes, it is overstated. Now, I know that TNA is VERY popular in this section, particularly lately, but in my opinion I'm not the biggest fan of it. I certainly don't hate it or anything like that, but I've tried watching it several times in recent years and I've just never been able to get into it.
That being said, if you or anyone else enjoys it, no problems here. Now, I think that the big reason why so many people talk about the wrestling quality in TNA isn't so much actual "wreslting quality" as it is wrestling in comparison to WWE. For example, if you match TNA up with DragonGate USA in terms of pure in-ring work, I don't think that TNA is even in the same league by a long shot.
What people have to remember when matching TNA up with WWE (and tend to forget) is that WWE and TNA have a different focus. TNA runs longer matches, but contrary to popular opinion, actually puts on far fewer matches. When I first discovered TNA, everyone was talking about how it was "real wrestling" (I suppose that is in comparison to WWE, which I guess isn't considered "real"), and so when I first checked it out, I was expecting lost of action (as the company name suggests).
However, like you said, I got very bored very quickly with the amount of backstage promos and vignettes, many of which don't line up properly with the storylines. I still haven't been able to figure out how people love to run down WWE for focusing on drama and stories instead of wrestling when TNA puts on way fewer matches. Nobody has been able to really explain that to me other than moronic lines like "WWE sux an TNA rulezz" or "TNA>>>>>>>>>WWE".
That isn't great reasoning. I think that part of the problems stems from the move restrictions Vince puts on his wrestlers. I mean, I don't think anyone can objectively say that TNA has more "talented" wrestlers than WWE, after all, most in both promotions have worked for each other at one time or another.
Evan Bourne (or Matt Sydel in TNA) is a great example. When he first debuted with WWE, and Vince basically allowed him to do whatever he wanted in the ring, he was amazing, and get gained a LOT of attention and praise because of that. But when he sustained that ankle injury, as soon as he came back he was noticably watered down and now the only really exciting move he performs regularly is the shooting star press.
I'm sure if A.J. Styles signed on with WWE and had his move-set restricted in a similar way, people would be calling him "boring" and "bland". That's just because TNA wrestles a generally different style than WWE does.
Most of the exaggerration comes from the comparison to WWE's quality wrestling. And in that case, the amount is not overstated. On a weekly basis, and especially when comparing PPV bouts overall, TNA blows WWE out of the water, as WWE tends to have most of its matches be deemed good based on hype and storylines going into them.
TNA's matches tend to deliver more often just on the basis of being a match between opposing wrestlers. However, like mentioned before, in comparison to matches in the Independent scene, both WWE and TNA look terrible. While TNA looks closer to what the Indy wrestlers display (and proof is easily the last Bound For Glory), places like Ring of Honor, Pro Wrestling Guerrilla, Dragon Gate-USA, and others deliver throughout their shows overall in a way WWE and TNA don't.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.