It could have been a contender. It should have been a contender. Honda had all of the pieces at the ready to make it a contender.
Then they didn't.
While sales have pretty much proven this correct - it's never been very successful outside of Japan - I'd be interested to hear which metric
beyond sales you're judging it on.
The two most common things I've heard are "it isn't fast enough" or "it isn't economical enough". Both are fair comment, though both also depend entirely on what it's compared to. It's not as fast as say, a turbocharged hot hatch of similar price, and it's not as economical as say, a Prius.
But then it's more economical than the hot hatch, and significantly more fun than a Prius. It's not as quick as the second-gen CRX, admittedly - but then Honda didn't pitch it as a sports car or hot hatch, more a sporty hybrid.
I dunno. The US market has just seemed unduly harsh on the car to me, and I suspect a great many people who criticise it haven't actually had a go in one.
Honda did get plenty of stuff in the car right - the styling (subjective, obviously), the size, the quality, the gearshift, the steering, the responses (it feels quicker than it looks on paper - probably due to the size), and it's respectably frugal in the real world (I average 50mpg UK / ~41mpg US over the week I had one for).
Still, I have to be thankful that it's not that popular - it should keep used prices down. Used ones aren't far from being quite tempting price-wise over here.