I would agree and here's why: when compared to PHP scripts of old, the concept is the same. You have some bit of executable code that gets called when a specific URL is hit.
"Don't care where it runs, don't want to manage it, I want to pay only for when I actually use it, thanks for managing it, here's some extra cash for the effort"
I would have preferred something like daemonless, processless, or something that more closely describes what's being offered. My suggestions also are flawed but less flawed than serverless, imho.