If your question is relating to if VVL is behaving as it would in real life, the answer is basically yes. (at least within the limits of realism of the current Automation engine simulation). All it’s allowing you to do is pick the best out of two different cam profiles throughout the rev range. Now you can argue that our simulation of the effects of cam profile is overly simplistic, and that is something we want to improve in future for sure, but it’s pretty close.
Are the engineering and production costs too low? Maybe, I’m sure there are quite a lot of parts/options that will require future balancing once the campaign is more finished, and it’s entirely possible that this is one that will get more expensive.
Why don’t lots of car manufacturers use it? I suspect the main answer is that it’s only really useful if you’re trying to get as much power as possible out of a given engine capacity, and in most cases that’s just not the goal of engine design. If you look at something like the Corolla, they have either the 1ZZ-FE (105kw @ 6400 rpm, no VVL) or the 2ZZ-FE (141kw @ 7600rpm, VVL). This is a pretty typical use of VVL in my mind, and in this case the 2nd cam is only used between 6200 and 7900 (or 8200) rpm. Why wouldn’t you use that on the base model road car? A bunch of extra complexity and expense, and the only advantage you’re gaining is an extra 36kw at sky high RPM. Sure it’s great for a sports car, but I can see why they’re not doing it to every road car engine they have.
Really VVL is there to allow you to use what would other be an entirely unsuitable for a road car cam profile, but still retain good emissions, idle quality, power at low RPM etc. If you’re not trying to make a high revving sporty motor it shouldn’t really be worth your time most of the time. (and if that’s not the case currently, we may need to look at making it more expensive to use)
Now, systems like BMW’s Valvetronic are a different matter, as they are infinitely variable in lift (but not Duration), they let you do awesome stuff like use valve lift adjustment instead of the throttle, which has lots of economy benefits. That’s probably a system we should add eventually.
If you’re talking about problems with the stats (Like drivability, sportiness etc.) and their judgement of what makes a good engine, all I can really say is that they’re based off a combination of our own personal judgement of what makes a pleasant engine to drive, and what characteristics car reviewers rate positively in various types of car. If you can see any glaring flaws in how those work I’d be interested to know them, but I think they’re pretty close to an accurate description of what people like in a car