A lot of their enterprise offerings are still pretty good. SQL Server, AD, Intune.
But Teams is really terrible. And the move to "New Teams" was handled very poorly too. I had hoped it would improve things, but it is basically the same with slightly less RAM usage.
If you mean the DB server itself, sure. But for actually managing it, they've effectively killed further development of SSMS in favor of Azure Data Studio. And while Azure Data Studio is relatively fast and snappy, it's missing a lot of SSMS functionality. Meanwhile they refuse to implement a dark mode in SSMS despite it being the most requested feature for several years running now.
Excel was and is still the gold standard for everything that "doesn't quite require a database" and can be made by a regular corporate user in 5 minutes or less.
It did crappify somewhat in recent years, but still eons and mountains ahead of anything the competition put out.
But Teams is really terrible. And the move to "New Teams" was handled very poorly too. I had hoped it would improve things, but it is basically the same with slightly less RAM usage.