I use it as my primary phone for 2 years, first with the Flame, then with a Z3C. For me Firefox OS was the finale move of Mozilla, either it successes and Mozilla becomes a major actor again or it fails and they slowly die. And thebmy decided to kill it right when it was becoming stable enough.
It's another damned if you do, damned if you don't. FirefoxOS is regularly listed by commenters as an example of a wasteful side bet, whereas my feeling is more along the lines of yours, that it was striding greatly, as the saying goes, and attempting to be a major actor.
A big part of the market share loss was due to monopoly and distribution lockdown of a controlled platform tightly tied to hardware, so I can certainly see the strategic wisdom of the attempt. I suspect they didn't have the resources to press forward, they had a lot less money then than they do now. Which makes it all the more maddening that Yahoo's role as a partner was so muted; it could have made the difference for both of them.