It's not a good controller because it doesn't have good games. Any piece of hardware is only as good as the software that it runs. The Playstation Move for example was better on many levels than the Wii Mote, but it sucked because it had no good games. It's hard to really argue that the Vita is superior to the 3DS on a technological level (although I do like having two screens) but the software for the 3DS is much better, so the 3DS is the better system.
You could argue potential, but I can't play potential. Aside from Nintendo Land, certain parts of Wii Fit Plus, and to a lesser extent, Zombi U, Wonderful 101, and Scribblenauts, there aren't really any games that make the Gamepad worthwhile aside from offscreen play. So, until the appropriate software comes out, I sadly can't say the Gamepad was a good idea or a good controller.