I don't know if I agree with this.
My area was very lucky. The east coast has seen flooding that hasn't been seen in this area for generations. From Virginia to Connnecticut.
This storm set a record low pressure reading for a storm north of Cape Hattarass (sp). And how many Hurricanes produce Blizzards in the mountains? This is truely a remarkable event.
Record high storm surge in New York harbor (and the storm made landfall 100 miles south). Flooding in metro NYC. 80 homes burned in Queens. A shutdown of the largest transportation hub in the country.
The storm has claimed lives. Never a sign of an overblown storm.
I think people get caught up in the fact that this was 'only' a cat 1 storm. While we didn't see a Katrina event, 10s of millions have been affected.