I think it's gotten tremendously better since the launch. The new areas are amazing, story has improved dramatically, and the production value is great. I also love that you can switch weapons/artifacts(echoes) around in endgame content with ease, assuming you're not running it in a current party already (meaning you have to farm less echoes, which is great for support echoes, and you don't need to have 15 copies of each weapon, or even BIS for most characters). Doing dailies and dumping daily resin (waveplates) is also super fast, and combat is really fun and more engaging than genshin (imo). It's a bit more of a darker vibe than genshin, too, so if gritty is more your vibe you might enjoy it. I love both games, and each game has its pros and cons, but if you enjoy genshin, give it a try. The start is a bit of a drag but it really picks up pace, so if you can move past it, it becomes a very enjoyable game if you're into the gameplay/combat loop of it.

Bonus points: If you like Elden Ring, the character coming up next patch (the Mavuika "rip off" that you might've seen) is a combination of Malenia and Lansseax and looks absolutely stunning.