Yes, I consider it a form of a cheat.
But so what?
They built a plethora of cheats into the console on PC.
If they don't the kiddies won't buy the game because they don't believe anything in life should be difficult for them.
They were raised getting Trophies for < participating >.
Taught that there are no losers.
The VATS cheat just makes it part of the game instead of having to exit to the console to initiate a cheat.
We Americans are a nation of cheaters.
We cheat on our spouses, we cheat our customers, we cheat the government ( IRS ) ... there is virtually no aspect of American life that doesn't involve cheating or the possibility of it.
I was amazed to discover that there is 4 hours of TV every weekday devoted mostly to people who have cheated, are suspected of cheating, etc. etc.
And that is just the very very small percentage of people who are willing to have their cheating exposed for a few bucks . The price of a DNA test that they don't want to or can't afford on their own so they have these shows give them the test(s) and appear in exchange.