TLDR: I agree with the OP.
My family used to visit Disney World every year from 1990 to 2009. I was born into it in 1997, and some of my favorite memories of my childhood were made either there or at Disneyland (you can see the specific years I visited each in my signature). I felt like it was a second home. And every year, we were treated like royalty by the Cast Members, experienced (for the most part) top-notch attraction quality, and genuinely "felt the Magic," though it's a corny phrase.
We took one year off in 2010, and when we returned in 2011 and continuing on from there, our experience began to decline. Attractions not quite looking as great. Higher prices. In some instances, RUDE Cast Members. An overall decline in quality. I didn't want to admit it, because I loved going there. By 2014, it wasn't financially feasible for us to make the trip there every year anymore, and the decline in quality of the experience made it a lot easier to swallow for my family members who actually saw things for how they were in the Parks.
I had the chance to go on a Spring Break trip to WDW in 2015, which was the first time I experienced FP+. Looking in January at which rides I wanted to go on in late March was ridiculous to me, and one of the first chinks in the armor. But at least it was still free.
Later in 2015, having graduated from high school, I was gifted a trip to either WDW or Disneyland. I picked Disneyland so we could experience all of the things added since our previous trip there 10 years earlier. We had a great time (traditional FP was still there too!), but the dearth of WDW-esque (buffet/family style) dining options was rough (glad Big Thunder BBQ was still open then). The Cast Members seemed to be nicer, too (closer to what we were used to in WDW).
After another break, we saved up and went to WDW again in 2017 as a family. Again, the experience was getting further and further away from what made our earlier trips so fantastic. Even I noticed it this time. Cast Members who seemed unhappy with their jobs (perhaps justifiably, but it never used to show) and took it out on us.
After one more pause, when I graduated college I was gifted another trip. Again I chose Disneyland, this time so we could experience Galaxy's Edge (sans RotR). Again, a pretty solid trip in terms of experience, but I was reminded again of how great a WDW trip was back-in-the-day. And I wanted to try to experience that again, or at least get as close as I could! And we actually had plans to.
My family was heading to Florida for a wedding scheduled for May 2020. Naturally, we decided to make a week of it. COVID had other plans, and it didn't happen.
And now, I've been following Disney news sites, looking at photo reports, reading about people's experiences, and I can see just how much things have changed since my last trip to WDW. It's so different now. I dislike so much of what they're adding with all of the IP-centricity. Plus there is the political stuff. I have people in my family who won't give Disney their business because of the politics, and while I don't feel the same way as them, I certainly don't blame them. I don't know when I'm going back. I'd like to, but with the price gouging, removal of perks, and the politics, it probably isn't happening soon.
I'll always love WDW for what the experience it gave my family and me for so many years, and I'd like to return to that WDW. Will it ever happen? Not likely.