That's a fair synopsis.
But you are missing the point.
Because you didn't watch it.
.....just kidding. Unlike poor Jakob, you clearly paid a bit of attention. But, IMO what marks this series out as especially good is not the plot per se, although the repetition is there for a reason. Whilst similar events happen every episode, everything else is changing....individual personalities, relationships, but also people's moral compass.
Certainly, at the beginning Walter is a moral person, and for quite some time he makes decisions on a moral basis but there comes a point at which the acts are not moral despite the reasoning.
The cinematography is fantastic....the colours, angles and so on. Something that isn't going to work on a 10" iPad screen, any more than you'd notice the minute expressions on a 1 cm wide rendition of walt's face. There is a reason why Hopkins said what he did about Cranston's acting.