I have been taking a look at testnet of Lisk/Rise, n just see a wallet, no dapps, is that it, or I miss something?
As cryptocoins, they're not vapourware. Since the first is a clone of Crypti, and the second is a clone of the first, they're not vapour. Crypti has been live for two years or so.
If you're referring to DaPPs, those will take some time. As far as I know, there are a few demo-level DaPPS for Lisk (they're called "Blockchain Applications" by Liskers) but nothing big as of yet.