I think this type of hand is extremely underrated. It's a 56% fav over A234 (no suits--it's a dog against double suited that you don't have) I'd prefer to see a flop with this hand though. The fact it can't make a low isn't important unless you're allin preflop with it. Three low cards and you lost nothing more.
Any two high card flops and that low draw shouldn't be chasing his hand (but yet I see them do it sometimes lol)

That and some people won't believe you have AA if you don't raise with it. So it adds a little value when you get that player set over set.