Sorry, but talent is not overrated. It is UNDERRATED.
People who like to say that talent is underrated (unfortunately most people are like this) do so because they want to give credit to themselves for DOING something to realize that talent. They like to believe that their ability is WAY more a product of their work than any inherent talent that they had nothing to do with.
Yes, work is necessary to realize just about all talents, BUT those with lots of talent in a given area either 1) need to put in a lot less work to operate at a high level, OR 2) put in the same amount of work as other high achievers but perform much better than they do...at a VERY elite level.
We see prodigies in many areas of life...5 year old music prodigies, mathematics prodigies, chess prodigies, etc. 5 years old isn't long enough to just have time on task be the thing that made them great.
And, then beyond those extreme examples, we have more muted examples of talent. For example, many of us who are runners and ran well in high school and then college and beyond, found early success in running. I am no different. I absolutely DESTROYED kids in elementary school on field day, in gym class, etc. whenever there was a running event of any kind (even in sprints in those early days). I didn't train then. I wasn't more active than the normal boy my age. I just had a level of inherent TALENT that they didn't.
With running (and most things), you have to train the talent to realize the potential, and a very well trained person with lesser talent with beat most who don't train who have loads of talent, but equal training and often even much less training will take the talented one to greater heights.