Adaptive multi-agent systems (MAS) are increasingly adopted to tackle complex problems. However, the narrow task coverage of their optimization raises the question of whether they can function as general-purpose systems. To address this gap, we conduct an extensive empirical study of adaptive MAS, revealing two key findings: (1) topological overfitting -- they fail to generalize across different domains; and (2) illusory coordination -- they achieve reasonable surface-level accuracy while the underlying agent interactions diverge from ideal MAS behavior, raising concerns about their practical utility. These findings highlight the pressing need to prioritize generalization in MAS development and motivate evaluation protocols that extend beyond simple final-answer correctness.