I’d say the quality of the effects have some relevance to the value of this Toraiz thing. People still kill to get their hands on the SP303 because of the way it sounds. And one of the stronger cases for the Rytm is what it does to your samples when you put it through the works.
So what this piece of gear does to the tone of your samples, will in the end be most interesting to me. Features be damned, of course you can make great music on this thing. But would you care? I’d say that comes down to the way it sounds.