I have to agree with their justification. Since "Attention Is All You Need" (2017) I have seen maybe four papers with similar impact in the AI/ML space. The signal to noise ratio is really awful. If I had to pick a semi-related paper published since 2020 that I actually found interesting, it would have to be this one: https://arxiv.org/abs/2406.19108 I cannot think of a close second right now.
All of the machine learning papers are pure slop to me now. The last one I looked at had an abstract that was so long it put me to sleep. Many of these papers aren't attempting basic decorum anymore. Mandatory peer review would fix a lot of this. I don't think it is acceptable for the staff at arXiv to have to endure a Sisyphean mountain of LLM shit. They definitely need to push back.