Aaronson is currently back in the skeptical camp after a brief stint of "cautious enthusiasm" in 2012. Umesh Vazirani, Aaronson's PhD advisor and the grandfather of quantum computing, has been largely dismissive of D-Wave and doesn't believe their computers will be capable of much even if they are truly quantum.
The technology is apparently impressive enough that Google, NASA and Lockheed Martin have partnered with D-Wave to test its capabilities, but to date it has not done anything revolutionary. I'm sure they have done something, but it's not clear what trade secrets they have can be separated from marketing, and their public work has been reproduced on classical computers.
There have also been a number of articles in Nature Physics, Science and elsewhere by different authors going back and forth on points 1 and 2 above. The current consensus is that D-Wave is not creating true quantum computers; but they have developed classical, pseudo-quantum computers with legitimate entanglement implemented, and which do not currently offer any real quantum speedup or improvement over classical computers.
That said, I mostly follow quantum cryptography, so I haven't read this research in a while. I am personally happy that D-Wave exists and is trying to push forward the field - I think comparisons to Theranos are uncharitable. But I am skeptical of their real advancements.
Edited to clarify after reviewing the research again.