For me, love has three features:
It is permanent
It is unconditional
It desires the Empowerment of that which is loved
Anything else is simply not love. Like, affection, attraction, need, want, yes.
Are these other things powerful, intoxicating, addicting? yes
Can these other things lead to pain and suffering, sure.
But if you are feeling a permanent, unconditional desire to empower someone, then (and only then in my humble opinion) you love them.
If you don't, its something else.
So no, not overrated. To my mind that which we value most features love.
I can't think of any situation, good or bad, that is not improved by love.
Let the games begin! :)