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Nah, to me this is like a typical “train/tram, but more fancy and less practical”. But I guess it is better than nothing.
It makes sense some places. La Paz, Bolivia has much of its public transit by cable car because it’s so mountainous.
I’m sure it does make sense in some places yeah.
It’s a lot more practical? Cheap to build and minimal footprint on the ground so existing buildings can stay put.
In cities with a large elevation difference this is really neat. The system in La Paz (Bolivia) for example is really efficient, almost like a metro, just with cable-cars.