This is accurate, yes. The cat in the box is conscious presumably, in my opinion of cats at least, but still can be “not an observer” from the POV of the scientist observing the experiment from outside the box.
“Consciousness” is not relevant here at all. You can write down the wave function of a system relative to a rock if you wanted, in a comparable way as writing down the velocity of a train from the “point of view” of a rock. It is coordinate. It has nothing to do with “consciousness.” The cat would perceive a definite state of the system from its reference frame, but the person outside the box would not until they interact with it.
QM is about quite a lot more than coordinate systems
Obviously QM is not just coordinate systems. The coordinate nature of quantum mechanics, the relative nature of it, is merely a property of the theory and not the whole theory. But the rest of the theory does not have any relevance to “consciousness.”
and in my opinion will make it look weird in retrospect once physics expands to a more coherent whole
The theory is fully coherent and internally consistent. It amazes me how many people choose to deny QM and always want to rush to change it. Your philosophy should be guided by the physical sciences, not the other way around. People see QM going against their basic intuitions and their first thought is it must be incomplete and needs to have additional complexity added to it to make it fit their intuitions, rather than just questioning that maybe their basic intuitions are wrong.
Your other comment was to a Wikipedia page which if you clicked the link on your own source it would’ve told you that the scientific consensus on that topic is that what you’re presenting is a misinterpretation.