To your second point, meaningful progression is locked behind engineering, and a little behind powerplay. Yeah you can get a ship and A rank every module but it won't hold a candle to a fully engineered build.

But yeah, there are some cool things you can do in the game but the core loop is shallow and grindy as hell. I spent most of my time unlocking engineers, making money, and farming materials to the point where I can get just about anything I want. I feel like cartman in the WoW episode saying "now we can finally play the game" after 1000 hours. Though I did finally join a squadron and that gave me a bunch of stuff to help with. One guy has a carrier and we farmed an assload of minerals and then picked up and turned in a whole bunch of 25m-50m credit mining missions all at once so that was kinda cool.

Oh they also added operations, which are basically multiplayer missions you can join a lobby for, and you don't actually have to physically be anywhere specific. It's a huge quality of life upgrade because previously you'd have to actually be in the same system or use telepresence which doesn't let the telepresence crewmember to use their own ship.