I agree, though I do think it says a lot that some variation of this comment gets posted every time the subject of Blue Origin comes up, to the point where it's almost a cliche.

It's a little unfortunate that New Glenn is merely "competition for SpaceX"; not innovative enough to stand on its own as a marked improvement to private spaceflight capabilities the way something like Starship (or even Stoke Space's Nova, if it comes to fruition) will be.

But everyone has to start somewhere. New Glenn should be a great competitor to Falcon 9 and Falcon Heavy at least, and SpaceX does indeed desperately need competition right now (lest they risk becoming a monopoly).