I'm very new at this, and my tastes aren't anything like fully formed, but I think there is a place for these lighter, greener "oolong puerhs."
I'm taking it as a term for tea that's meant to be consumed sooner rather than later, as opposed to a general pejorative term for nasty, badly-made tea. It's product - something made with an eye on a quick sale, and lacking in depth, but formulated to be easy to drink. I can't justify the price of real vintage teas of the 1980s and beyond, and, living in North America I don't have the capacity to age anything myself with any credibility.
Frankly, it's up to the buyer to do their research and be aware of the tea they are purchasing - and their own tastes. And I happen to prefer vegetal greenness over smokiness.
I do own more complex teas, but right now I'm drinking a puerh that could not be any more oolong if it tried, if I am understanding the term correctly. It's a 2011 Moonlight White (Ba Da Shan Lao Zai Tea Factory, although I've never heard of it previously, so I might be wrong here). Over the ten infusions I've so far enjoyed, it's danced between white tea, oolong, peach, apple and floral tastes. A light tea for a summer's morning, but I've really enjoyed it.
Sure, it's not for everyone, but I like the idea of owning a collection with a variety of tastes - which I can enjoy now, as opposed to when I'm retired (I was told earlier in the week that a semi-vintage I was sampling would be spectacular in 30 years' time, stored here in Vancouver, BC; I'll be 73 then). I intend to drink at least half of the Moonlight White over the summer months, so I'm not overly stressed about aging potential.
I also like more traditional teas - I've taken down notes from the recommendations earlier in this thread - I just think there's room in the market for everything.