I do think their importance is vastly overstated yes but that's another debate.
Right now domains are also suspended for a lot of reasons, typosquatting being pretty much the only one I would describe as a valid reason. And the downsides of allowing domain suspension seems greater than the upsides.
I'd be okay changing my mind on the subject if DNS was used as intended and not as a political tool to suppress newspapers or block pirate websites.