Comment by jacquesm

That's true but because it is a quirky useful little chip it is for many people their first exposure to integrated circuits that are a bit more 'analog' than gates and micro controllers. Opamps are the other gateway drug I guess.

It's excellent teaching material for that reason alone, you do learn about it if you try to understand what makes it tick (there are plenty of articles about it, including blown up versions). I agree it is not the best solution for most applications but I'm happy to admit that I've actually used it in production designs (more than once, actually) where it made good sense to have a component that didn't have to be programmed. If you have a soft component on a board and a spare io line then you are usually better off doing it in some different way.

I've seen some interesting applications of 555s that would have taken a lot more hardware otherwise, one of which was an oven controller with used a thermistor to directly affect the PWM output of a 555.