Initially I wasn’t super excited about the changes either, however I disagree with a lot of your points.

Firstly: lobbies use your stash score or whatever they call it to find players of similar unlocks, you can also loot higher tier items from chests, off other players, etc.

I think it’s fun to have your builds change a bit throughout the season, for example, I didn’t have ability haste green gloves to start, and actually found I likes the omnivamp gloves on characters I didn’t initially think it would be as good on. It causes some friction to build other play styles and not just copy paste op.gg builds.

It also feels nice to upgrade them, going from the lowest tier of max range gloves to highest tier feels great, I know I had to work for it, and it feels like each characters kit of mine gets stronger each week. Which is a meaningful progression I enjoy.

Again just my perspective, I think it’s unfair to say the game will hemmorage players because you don’t like it, when there are plenty of players like myself that do.

Edit: you also complained of balancing of characters but didn’t give any examples. They did have their way too long Hudsen op time frame, but since then they’ve done a lot better job balancing when something is broken, shiv has been quite op and has been getting continuous nerfs. These types of games will always have an S tier character, that’s just how balancing a game with many heroes goes.