What did you expect?
The formats strengths and weaknesses are really clear. We get more unique games instead of drawing the same teams every year, there’s a much better chance of smaller teams getting into the last 16, and there should be some last-day-of-the-season bedlam across the last few match days.
The negatives are more games against weaker opposition and the longer format means it’ll take longer to get interesting.
We won’t really be able to assess this format for ~5 years, when there’s been a chance for those weaker teams to reap the financial rewards and get better, and hopefully make some deep runs to break up the monotony of the last 8 in the previous format.