...or, in other words, wireless services require radio spectrum shock.
Was it bad planning to demo 5G without adequate spectrum - yes. Does it tell you anything about how well 5G will work when deployed in a real system - no.
For sure, 5G is overhyped but if you have spectrum (big if) and if you are willing to pay the costs to deploy 5G (another big if) it is technically capable of excellent performance.