Dissipation is very situational at best but SE loves to give SCH barely used, situational skills, so it's not changing any time soon.
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I wonder if SE would consider drastically reducing the cooldown of ET (say, to 5 seconds?)
That could give SCH access to what more or less works out of a medica/cure II equivalent, but not completely do away with SCH's emphasis on shields.
I used to use it in PVP reasonably often but... then they completely changed PVP, so I'm probably never going to use it again. At least auto-resummoning the fairy after the effect wears off might make it situational, instead of an unnecessarily complicated skill I'll never have time to sort out in any situation where it's actually useful. If they made Dissipation good and balanced it appropriately, it could even fix the current situation with the Aetherflow nerfs.
I would be fine with dissipation if it didnt consume my fairy, sort of acting like a Advanced Aetherflow. Similar to DWT on SMN id also like it to refresh my CDs, but that would never happen. SE hates SCH too much..
Maybe not 5s, 10-15 would certainly save us a hell of a lot of trouble; not only with aoe healing but with overeager, clueless dungeon tanks :)
Our other aoe skills are fine imho, we don't need an "on-demand" spammable aoe heal, our planned aoe heals and "niche"-y healing tools are a core part of SCH's identity... I STILL defend that most of those skills could use (read: NEED) some tweaking, but aoe is, for the most part, okay.