First of all, saying Rebirth "isn't worth the farm" is a very weird statement because you don't have to put in any effort to get a Rebirth. They added a skip feature so you can literally just click Skip once per day for two weeks or less and get the upgrade. So I don't think it makes sense to say it's not worth the effort
That being said, some Fantasy Rebirths are indeed quite underwhelming, but on the other hand there are many that can be very powerful if used correctly. Units that get large bullet line upgrades like Lily White and Kanako can deal absurd amounts of damage, especially in Arena where buffs aren't as powerful. Patchouli in particular got a huge damage buff and a bunch of accuracy buffs, so her turn 1 damage is actually quite good these days. We definitely still get duds (cough, Sakuya) but a lot of Rebirth units are very usable