Yeah, but the consoles aren't at low settings (closer to medium/high), and the Xbox One version of RotR at least only drops down in a few areas, and not that much. Most of the time, you have a smooth 30. Plus it actually operates at 1080p. Although there is the issue of the input latency on consoles in that particular game. The Division is also a near-perfect 30 FPS on both.
It's not useless in a vacuum, as it can probably about deliver console experience if you cap it at 30 and up some of the settings, but it is sort of useless considering the RX 460 (sometimes can be had for $60, 2GB) and NV competitors. Really low-end cards never made much sense; no one would buy, say, a 750 over a 750 Ti just because the value on the latter was much better, and because it was straddling that console performance line, the extra performance of the higher-end card goes further.