There are quite a few budo that really don't have modern applications -- kyudo or iaido, for example. Can you say that people who train in these styles are training to "effectively be able to use it against a person who truly wants to hurt" them, when their art has no modern application?
I would say "infrequent" modern application. I would say this because I once actually had a couple of knuckleheads try to mug me in mid-day about a block and a half away from from a martial arts supply store where I had just bought a bokken.
A published account appeared in Black Belt Magazine somewhere around 1987/1988.
Fred "somebody has to be the exception to the rule" Little