vaunt ‧ ed /ˈvɔːntəd, ˈvɔːntɪd $ ˈvɒːn-, ˈvɑːn-/ BrE AmE adjective formal
[ Date: 1300-1400 ; Language: Old French ; Origin: vanter , from Late Latin vanitare 'to boast' , from Latin vanitas ; ⇨ ↑ vanity ]
a plan, system, achievement etc that is vaunted is praised or talked about too much and in a way that is too proud:
There’s little sign that the much-vaunted IT investment is pulling France out of recession.