This isn't a critique towards you personally, but a lot of what you say in this post is exactly why I find it so disappointing and why Respawn hasn't seen quite the success they should: the systems around their games such as cosmetics.
I think they easily produce the best FPS gameplay in the market, but for a lot of people, gameplay itself has become almost secondary (or even tertiary).
I agree with you about Worlds Edge, but I don't care much about cosmetics, the BPs, or the LTMs because I play the game for the gameplay/joy of play primarily. Would it be nice if those were better? Yes. But they are less important imo.
Apex has innovated the BR scene in so many ways: respawns, contextual pinging as communication, a unique ranking system, and an eSports tournament format that I haven't even really seen anyone praise them for much. (Teams compete in matches and earn points akin to ranked, then once a team gets to the specific point threshold, they enter match point, at which point they have to be champ squad in a match to win the tournament.) Still think it will be top dog, especially as the eSports scene kicks into high gear.
And I have to imagine Respawn has more things planned.
I watched this video. It looked completely uninteresting to me personally. My friends will probably want me to play this, but I'm probably not even going to bother installing it tbqh.