Good point. I'm certainly not an expert on the law -- I did some quick googling, but not a lot.
Session cookies, e.g. are fine. As best I can tell, "remember me" / "remember my email" checkboxes still do require a banner, though I'm not sure. Preference cookies in general seem to. That strikes me as silly.
Facebook's tracking me on thousands of unrelated websites; Wikipedia is remembering that I X'd out the donation banner last week and don't want to be shown it again[0]. These are entirely different use-cases with entirely different privacy implications. As far as I can tell, both require a banner, and while the banner allegedly has (or links to) details about which is occurring, I've never, ever paid enough attention to those banners to see those details.
Part of this mess may be due to the fact that our client software is dominated by the largest advertiser, but I'd prefer regulations that address that by demanding privacy-respecting settings and setting defaults, not by showing me banners that I've never found useful.
I use uBlock Origin and Firefox' tracking protection. I don't use the consent banners. I think most people automatically click "yes" on those, yet given the option to block tracking cookies en masse, would enable that option.
[0] Okay, seems as if Wikipedia ISN'T storing that info, but I wish they did.