They murdered it, hollowed it out, then re-used the name for something completely new. Granted, what’s new is far from a bad thing, and despite having half the support cycle, the cycle itself is way more consistent and constant because there is no lag time between minor updates (because there are none). Releases are still apparently checked by RH QA, and bug fixes now come a little faster, too.
Most people have bought into FUD, and spout off the same BS points, and were never centos users to begin with.
I’ll do you one better: the centos users got exactly what they paid for, and were able to step in at any time to keep centos from turning into centos stream by making their own supported distro. Nobody did until centos original was gone, and were somehow surprised that a distro with a fixed 10 year support cycle takes a nontrivial amount of resources to run. I guess Oracle kind of tried to make their own version of centos with OL before the advent of CentOS Stream, though it was far from being “by the community, for the community”.