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For the time? Probably. Hes got like 150 base atk and speed each, that's really high. So if one thinks of him like a glass canon or something, only that if he gets hit he might survive and can at least throw out one last weak attack or something.
I think the problem will come for the powercreep. Gen 7 will just have more and more Pokemon that have higher and higher base stats than the generations before it. SO much like Slaking who at the time had ridiculous stats, nowadays the stats aren't even remotely worth the shit ability.
There's always hope for an added hidden ability, or mega evolution in the future, so not all is bad. I really love this guy, so it wont stop me from using him.