In general, I agree with all but your last point. There are many things in Java that were good ideas at the time of introduction, but turned out horrible (serializable, finalize, etc.)
Wrong. Type erasure for generics is one of Java's luckiest breaks. At worst, it imposes a tiny inconvenience, but in exchange this is what allowed Java not to bake a variance model into the VM and libraries, and this is precisely what allows languages with different variance models -- like Java, Kotlin and Clojure -- to both share code and actual data objects with no runtime conversions. This is something that can't happen on .NET (see, e.g. how clumsily their Python implementation interacts with generics). This was a huge win for almost no cost.