It's easy to explain. All answers that you put in the first category are people answering the wrong question, that nobody actually here asked. They are answering the question "what was the thing that lots of other people liked, that I also liked", as if their opinion is somehow special here, on a semi-anonymous forum, where visitors don't recognize most other visitors. And since it isn't, their opinion is just one of the data-points in the "people, that liked product X" dataset. And people, who upvoted their posts also upvote something they like. And since things, that are liked and endorsed by a lot of people, but that are not worth the attention (in your opinion) you call "overhyped", it is pretty much by definition that the top answers to that question (which nobody asked) would be a collection of overhyped things.

The answers from the second category are answers to the question that OP actually asked: what are the things that were hyped prior to their release (or shortly after) and didn't disappoint. Unlike the first question, this can be answered somewhat objectively, because it's not about the opinion of some semi-anonymous HN user anymore, it's about things that are hyped before the release and having impact after. You personally may not like the original iPhone, but you'll have to admit that the early hype didn't really fade — maybe it's a shitty product in your opinion, but it did conquer the market. And even if people are answering/upvoting that based on subjective feelings, in the end it's still turns out to be a somewhat fair assessment of the topic: because a product was hyped before the release a long time ago (well, not M1) and enough people still can vouch that it "lived up to the hype". That's impact.

Exceptions here are Apple Watch and Ruby on Rails, because they received some, uh, prenatal hype, but let's be honest: Apple Watch doesn't have nearly the amount of adoption iPhone had, and while Ruby on Rails was quite a significant thing at some point of time, it isn't anymore, other frameworks and languages filled the domain and now it's just "one of them" at best.

This should be the top comment.

I have to agree. Although some of these things are clearly subjective and can't be compared, I think the true mark of a concept living up to its hype is how ubiquitous the approach it pioneered has become. IPhone, for example, can be seen as one clear example of this. The others are a bit harder to verify for their impact.

Electricity, cars, reusable rockets I think all belong to this category yet due to their popularity people don't even consider them as things that at some point were hyped and critiqued.

Opinion of my own is that the actor Daniel Day-Lewis is indeed the greatest actor who has ever lived. It is just his dedication to the craft that sets him apart from the rest so clearly by total immersion to the character which I've never seen anyone else replicate. Many other actors still remain "themselves" in the process but he can truly transform in a way no one else can and with such great range of characters. Granted we do not have accurate historical data over the course of the whole human civilization but well, I'd say it's a good guess.

Are you saying you have used/experienced these things and have not seen the value of them? Or that the hype is so much that it feels unrealistic?

It's not worth lining up at 3am to get any of these things, but that is the level of hype these things inspired.