Yes, that is an accurate assessment. I think that ERLB has less value in the web world.
I won't say NO value though, because there are stateful server scenarios where it could be very nice.
For example, if you retrieve a collection of 500 items, and the user views most of them and only edits a very few - and other users are unlikely to be editing the same data at the same time - you could use an ERLB very effectively by storing it in an in-proc Session and using it to just update the few rows of data edited by the user.
But in any stateless web server scenario I can't see where ERLB would have any real value at all.
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