I think Martin hit the nail on the head when speaking about expectations. TWDC never promised a return of MNSSHP this year (and if we want to be more specific, ever). I'm not saying I agree with this decision. But it just feels like, time and time again, individuals are upset at self-made expectations from the company. (And, yes, you can be upset with their decisions or lack thereof.)
The company has said nothing about fireworks returning, nothing about live entertainment (beyond what has been announced), and nothing about MNSSHP.
As a local, I don't plan on attending any of the After Hours events or specialize holiday parties. Pre-pandemic, I have taken part in Moonlight Magic for DVC, which wasn't an additional price at the time.
I acknowledge this is the bare minimum from Disney and comparing it to years past or theme park competitor events isn't helpful.
There's also time for things to shift and change.