Yes, it is. I challenge any of the bafflingly large number of people in this thread who seem to like the song to tell me what's objectively good about it.
None of the ideas in the lyrics are anything that Billie hasn't covered before, after, and more eloquently, and none of the music is anything that they haven't done before, after, and more interestingly. The only part of the song that is at all interesting is the "we want to go to heaven, but no one wants to die" bit, but that isn't enough to save what is otherwise a completely uninspired, half-assed attempt at a song.
Hate on Nightlife, or Troublemaker, or Drama Queen all you want, at least those songs all try something new, even if they don't necessarily make it work. State of Shock seems like someone said to Billie, "write the most by-the-numbers, bland Green Day song you possibly can."