Far from it. It has probably one of the best multiplayer sections from the past few years....if you've got some mates/people who work together to play with. It's great fun to scavenge around for bits to make a nailbomb, place it underneath a window ledge and then see someone hop through and get blown to shit before molotov-ing the team-mates following him through. Obviously on the flip side it's not as good if it happens to you.
What works really well is that you're limited to just four people per team. There's something more intense and personal when you're dealing with a small group. As much as I enjoy BF4 the majority of players may as well be bots.
To be honest the multiplayer mode makes a lot of sense in that you're the two sides fighting in the main campaign and the basis of it is getting supplies for your faction.