"What this effectively means is that legacy verification for notable accounts has returned, albeit in a manner indistinguishable from paid verification."
Well not quite. There were quite a few examples of left wing bloggers who had a few thousand followers getting a blue tick, whereas right wing "influencers" who had hundreds of thousands of followers being refused.
I'm neither hard left or hard right myself*, but I do prefer a level playing field. I'm not saying what we've got now is really any better, but it was definitely skewed before.
* so if you feel strongly either way, please feel free to give me a thumbs down and don't bother explaining why. I'll take it as a compliment.