It's a bit unfortunate to see matrix still not there yet, but on the other hand I'm still hopeful for the future. I think ElementX is the result of realizing that an excellent chat experience is what is needed. I also think the matrix foundation governing board elections [0] show that the community agrees that a rock solid chat experience is what is needed. At least for the individual members category, none of the candidates who were elected had a platform statement advocating for more work on the experimental matrix features. Sumner (who I think had the highest support by a good margin, although I can't find the exact numbers right now) specifically stated that experimental matrix features should not receive further investment until the baseline features are acceptable.
I realize that getting funding is a beast of its own and that is probably why some of the experimental things took focus at times so I can't fault that, but I really do want matrix to be something I can eventually recommend to all my family and friends instead of whatsapp or discord. I think it is slowly heading that way..
[0] https://matrix.org/blog/2024/06/election-results/
[1] https://matrix.org/foundation/governing-board-elections/#nom...