My position is that "veteran" players can't really judge. I'm sure people starting FFXIV now or just before EW have a blast.
Now for players who are seeing EW follow through the same patch cycle than all other expansions... Maybe not a low point because I'm sure the quality of what we are given gameplay wise is at least equal to what we had before. But I started hopping off and on in 5.1 and EW had me quit before the first patch. I usually play around a patch release for a week or two, get bored and drop my sub after that (and most of my friends have left).
I've dropped Savage because I didn't care for it anymore, I didn't feel like the gear it gave me made a real difference in the rest of the game. I can't really tolerate 2 dungeons on a roulette expected to be done daily for tomes. I don't have a reason to "grind" relics. Don't care that much about PotD 3.0.The criterion dungeon was fun for a week then there were no incentives to actually run it for me. Island Sanctuary is bland.
The only things I am happy about in EW are Sage, and the two Ultimate fights (and I don't even do these raids, I just enjoy the idea of them being around).

But if people enjoy Endwalker, I'm thrilled for them! I have been frustrated for so long because of how I wanted the game to be keeping up to my standards and expectations during most of ShB, and now I'm happy to be unphased. I play what I want to play for one month of sub and that's fine.