Is the Typhoon a waste of time?

Personally I think the UK missed the boat on this one. It is fantastically expensive. It is going to cost a kings ransom to fully develop and it will never be a true multi role aircraft like the F-35 or Super Hornet. I know people go on about what it is “going” to have and how well it performs but in this age of AESA radars, stealth, network centric warfare and 360 degree situational awareness and high off bore sight missiles is it really that much of an advantage to be able to perform marginally better in some regimes than it’s peers? It seems to me that this is just a giant jobs program for the UK and Europe. Hell, it can’t even be exported without Uncle Sam’s approval.