I completely agree with you.
It's a good way for other people to present information, for me to look at.
I just won't do it myself.
It's not only me; and that's why it's dead.
I won't do it because the first thing that comes to mind is how it will go out of date in a month, and have to be maintained to stay accurate.
Maybe in the not-too-distant future we will have AI grokking large code bases and cranking out accurate, useful, UML diagrams out of it.
All those diagrams, when they are complete, correct and up-to-date, do convey what they are supposed to convey.