Not really, it just got rebranded as the Topics API and is still, as far as I know, being pushed into Chrome.
I don't really agree. Topics are materially different from FLoC. Especially in the way of moving it from a shady background activity into something the user can interact with.
Also, nobody really gives a shit about it. WEI could break adblockers and that would be a huge issue.
Eternal vigilance is the price of liberty.
I just got a topics intro popup on my work computer the other day. One of many many other reasons I'm happy I use Firefox at home.