No, it's not.

If vim were good enough, neovim wouldn't exist. If neovim were that much better, vim wouldn't still be as popular as it is. And if neither of them did anything worth picking up, then vi would still outrank them.

The conclusion is that they don't do the same things. They just both have the vi interface. But having a vi interface isn't particularly weird anymore. SublimeText and vscode have vi bindings. So does PyCharm/IntelliJ. So does Notepad++! Heck, so does nano! So who gets to claim those editors? Vscode is the most popular editor that supports a vi-like interface. Shouldn't that mean that vscode is the best of the "vi descendants"? Or does it mean that all these people were okay with the vi interface, but had a good reason not to make the choice they did for another editor?

Fundamentally, the issue is: Either choice matters, or popularity doesn't matter. You can't have it both ways.