Sort of useful
I've found the smart meters kind of useful. You get monthly bill based on the actual consumption instead of getting the hammer once a year if you don't bother regularly checking the readings manually. Other than that, they're pretty useless. Okay, I guess if you have hourly pricing (or half an hourly or whatever), you could take some benefit by charging a BEV at night or something.
WRT the meters becoming bricks, that's more ticklish problem than you guys probably think. 2G is the go-to utility tech because we don't have a replacement. There's Cat M1 (LTE-M) which piggybacks on 4G and allows cheapo low battery use devices for stuff that doesn't need that much data, like smart meters. Only UK has been reeel sloooow deploying those things, national O2 network happened pretty much this year and it's not really that national yet. So up until now, there simply was no replacement for 2G in many cases, except for 4G which is expensive and unnecessary tech for such devices.
Anyways, 2G is not going to go gentle into that good night, it's a bit ridiculous we're going to have that thoroughly obsolete tech around in 2030s, but it's hanging around exactly because of the millions of devices that depend on it.