How was it overblown, we now have a non-trivial amount of completely de-socialized men in particular who live in online cults with real world impact. If there's one lesson from the last few decades it is that the people who were concerned about the impact of mass media on intelligence, physical and mental health and social factors were right about literally everything.
We now live among people who are 40 with the emotional and social maturity of people in their early 20s.