So she's in a really bad unplayable state? Not even if I practice a lot and get super good at her?
She's in one of the worst states any champion in the game is, but she's playable... if you like handicapping yourself. I spammed almost nothing but Diana to Gold last season and to mid/high Gold MMR this season before giving up on her. There comes a point where you can't just use any champion regardless of how nerfed it is and not handicap yourself while you're at it.
It's infuriating playing her late game as she is knowing regardless of what you do, regardless of what your build is, you're super easy to counter and insta-gib. It's infuriating having to put in so much effort at any point in the game to get minimal rewards compared to any other champion. It's extremely frustrating being 2 levels and a full item up on an opponent and knowing you're too nerfed to assassinate him when almost any champion can do that if they're that far up and even a semi-carry.
These aren't my feelings alone, I added the few high Elo Diana mains I could find to ask them about her. They all feel the same, that she's relatively unviable and a handicap.
And I see some others here are making a comparison to Akali, there are so many differences I don't even want to talk about it. Akali is not only viable but she's strong meanwhile Diana has low base damage, low scaling damage, a passive designed to cripple any Attack Speed you build (% added to make the base a joke), and has absolutely no method of escape despite being an melee champion.