You are making far too extreme a judgment here. You also say humans cannot "reliably" identify emotions from photographs. This is just setting the bar far too high. Humans can quite often identify emotions from photographs. It's far better than random chance and you shouldn't call this level of performance "snake oil".
You can criticize AI emotion detection as likely to lead to some sort of dystopia, but saying it can't possibly work is just going to lead you to an incorrect analysis of the situation.