Is the Stratocaster overrated?
Is the Fender Stratocaster (the above is a LPB color) a good guitar? Yes. Modern machining and manufacturing technologies make that possible (the same the reason Squier makes such good guitars these days as well).
Personally, I think that yes, the Fender Stratocaster is an overrated guitar. Good guitar as I said above, but overrated.
Above is a pedal I'm considering buying, the Hotone Wally Compact Looper. The Wally basically does everything the Ditto does for significantly less. And it looks cooler.
A look of Strat I really like, which I did own at one point (more on that in a moment), is black body, white 3-ply pick guard, maple neck and fretboard.