You're absolutely right. The relic isn't really going to ever be a practical weapon at this stage of the game for most classes, unless you've already progressed to the Zodiac. With the release of 2.55 this week, along with the assumption that the
Encrypted Tomestonewill now drop in WoD, you'll now be able to easily get an i120 weapon (which will be upgradable to a i130).
I'm still working on mine, mainly because I've invested so much time into it and I want to have it wrapped up in times for Heavensward. While it is a hellofalot of grinding, I appreciate that they've actually tied a quest/lore to it instead of the GW2 route for legendaries which equated to nothing but mindless grinding and a RNG slot machine.