I mean I really used to think the Smurfs were awesome when I was a kid too.
That is a good question. Now that I am older I can look back and say that yes, Wolverine was awesome. He was the short, ugly loner, a man always on the edge of going berserk. I loved how he had to deal with this inherent savagery as he was written as a guy coming into the role of a mentor and surrogate father figure. The way Claremont wrote him, it felt as if becoming Kitty Pryde's teacher gave him more reason to be a better man than pining for Jean Grey ever did. Then Claremont sort of ruined it by trying to get lightning to strike twice, having him do it with Jubilee.
And Hugh Jackman was an awesome Wolverine, he still is when given good material. The failure really is the over exposure. There can be too much of a good thing and Wolverine adopts so many hats it's impossible to believe he can be a stand up Avenger, a merciless X-Men assassin and a teacher of kids.