I think the settlements are a great surprise addition to fallout, like getting a freebie. I've explored them a bit but there are some bugs that kind of ruin the fun.
First bug: You come back and notice there is 0 food and every single plant has to the "repaired" individually! I thought maybe it was being raided even though I have defenses setup. I did an experiment and cheated myself a bunch of money and materials and put turrets all around, a 300 defense on a settlement of 8 people and it still happens. I have people assigned to farming, although I'm not quite sure how that works if you have to assign someone to every single plant. But obviously having to repair 30 plants frequently, at each settlement, is a total drag.
Second bug: For the life of me I can't get the Sanctuary to grow. There is a beacon (actually I set up two in different parts of camp in case that mattered). All the numbers (food, power, water, ...) are all far great than 7.
I can't wait until the mods come out for this and Bethesda fixes some of the issues. I think this takes the game to a whole new level