The Terminator
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No not totally useless. What mayhem would have been caused if all those missiles would have passed through because of non-existent air defense and hit the intended targets there. Riyadh wouldn't be looking any different from Syria right now!It is those few which get through that matter and which make the successful interceptions redundant and useless.
So all those interceptions saved lives, property and relative peace in the country. Israel is another example, which has extensive air defense systems and their casualties were not more than a couple of dozen in recent conflict in Gaza. They intercepted hundreds if not thousands of make-shift rockets fired at them. The mere existence of a tiny state of Israel is due to the effectiveness of their continuously evolving iron dome system. So you can't regard them completely useless especially in low intensity conflicts, they are there to maintain peace and stability of the country.