This pretty much. Xorg got almost everything that I care about to have a functionning GUI. You only startx and the only thing you may need are utils programs like a wm, a compositor, a bar… now you have conflicting implementation from gnome, kde, wlroots,… each with its own set of features.
Yeah, instead of the wayland folks leading the effort to fix issues, it's often some individual DE / WM going off, fixing it the way they prefer, and wayland grudgingly adopting it as official because they know the ecosystem is fragmenting bad enough as it is.