Overrated the new release I keep coming back to [v3]

Long-time lurker, first-time poster. Quick context: I am relatively new to this and trying to find my footing. Not sure if this is the right place to ask, mods please remove if it is not.

This came up at a meetup recently and the room was split, so curious what the broader community thinks. Looking for honest feedback, not validation. Looking for honest feedback, not validation.

Maybe an unpopular opinion but here we go. There is a lot of conflicting advice online and most of it is from 2019. The trade-offs here are not obvious to me and I keep flip-flopping.