I'd say no. I'd say he's become a caricature of himself, but, hasn't he always been kind of a joke? Was he originally a producer? I see him as a personality more than anything, and an annoying one at that. But maybe he was something at one time?
I had to work with him recently on a job. Can confirm he has absolutely no musical talent hah. But he's a guy who recognizes talent and often gets the right people on the right tracks to create a hit. That's a talent in itself? I don't even think he would call himself a musician.