I totally understand your point and I think I agree, except—well, the setting says “disable cookies”. It should do what it says. If the goal is to disable all persistent information, the setting should be called “disable persistent storage”.
Of course, I also know why it’s not called that: a lot of people know what cookies are at this point, at least relative to the number who'd understand “persistent storage”. A toggle named “disable cookies” is better for usability.
On the other hand, trying to guess what the user actually wants based on a different preference is virtually guaranteed to cause confusion of its own. Should the setting also disable Canvas, since that’s commonly used for fingerprinting? And will Google make the same decision in Chrome v104 as they do in Chrome v110?
I can’t decide whether the primary issue is:
• The name of the setting.
• The undeserved cultural prominence we’ve given “cookies” specifically.
• The modern web in general.