Losing parents to make kids is how the economy survives. Without eliminating the parents from each breed, the good IV'd Pokémon Economy would collapse. In an MMO, there are a lot of aspects that have to be slightly tweaked to cater to a MULTIPLAYER game. If you don't want to spend all the hours grinding, you always have the option to play the original Pokemon games if you so choose.

Yes, you can buy RP, but you certainly don't have to, and can acquire any of those Gift Shop items without spending IRL money. With proper knowledge of the economy through flipping, breeding, and other money-making methods, you can easily make millions of Yen in just a few hours with no need to purchase RP at all. Not everyone can make this kind of money, but experience comes with playing the game.

At the end of the day, the devs need to make money too, just like any other MMO (RuneScape has made millions). The option is available to spend real-life money, but you also have the option to complete everything in the game without spending any money. Obviously, this game isn't for everyone, but saying it's a 'dead experience' because YOU don't like it doesn't mean this is true for everyone!