He's certainly a top 10 talent when you put all of his traits together, but if you're just looking at classic QB traits (processing/audibles, passing strength, ability to navigate and step up in the pocket) then he's going to look unfavorably. His statline looks way better than it was because of the YAC from Likely.
So yeah, he's definitely overrated, but still a good QB with a multi-dimensional set of skills that help hide his deficiencies. In my opinion, he should not have won MVP again.