The index that you describe is pretty much pointless. An index is best used when you need to select a small number of rows in comparison to the total rows.
The reason for this is related to how a database accesses a table. Tables can be assessed either by a full table scan, where each block is read and processed in turn. Or by a rowid or key lookup, where the database has a key/rowid and reads the exact row it requires.
In the case where you use a where clause based on the primary key or another unique index, eg. where id = 1, the database can use the index to get an exact reference to where the row’s data is stored. This is clearly more efficient than doing a full table scan and processing every block.
Now back to your example, you have a where clause of where status="enabled", the index will return 150m rows and the database will have to read each row in turn using separate small reads. Whereas accessing the table with a full table scan allows the database to make use of more efficient larger reads.
There is a point at which it is better to just do a full table scan rather than use the index. With mysql you can use FORCE INDEX (idx_name) as part of your query to allow comparisons between each table access method.
Reference:
http://dev.mysql.com/doc/refman/5.5/en/how-to-avoid-table-scan.html