Yes, if they gave Ho-Oh reasonable moves, it would have broken the meta, so they gave it total trash moves, like Brave Bird (full bar for 90 flying damage, it makes Close Combat look strong - but at least Brave Bird is fast). The only moves with STAB are Fire Blast (not as good as Overheat) and the aforementioned Brave Bird.
I was hoping that for Ho-Oh's second visit it would get a power bump, like Lugia did with Sky Attack getting buffed to 80 power. Heck, give the old Sky Attack to Ho-Oh and that would be an improvement. Oh well.
After Lati@s and Ho-Oh, we get the Regi trio, all defensive monsters that can't go into a gym, so fairly useless, and then hopefully some good stuff from Gen4. Dialga, Palkia, Arceus should all be strong (but Arceus might be a special research task or EX raid [uggh] encounter.)