Eh, sure, I guess, kinda? However, the article presents the situation as being: 1) very positive for women and 2) very negative for men. In reality, neither is entirely true.
As many, many women will tell you, the unrelenting torrent of creepy messages and dick picks is by no means an unmitigated positive. Yes, you can just open your inbox and find it full, but mostly it's full of utter crap, which actively drowns out the actual good messages. The article glosses over this; just ignore the "addled idiots" and exchange an email with the good guys. For many women it's more a case of "find inbox 100% full of unsolicited pictures of genitals; close it and go watch Netflix alone".
Similarly, as many guys can attest (including me, and other guys in the comments here), not being massaged out of the blue is survivable (it's no different than real life, and I'm somehow survived the experience of never being accosted on the street and asked out on a date...), and response rates are not that low if you're smart about it. People talk about 50 messages to get a reply; my experience is more like 10 to get a date (and no, I'm not conventionally attractive).
In short, I'd say online dating sucks for everyone, in different ways, but it's not that bad for anyone. "Soul crushing"? Hardly. And if all of your messages are being ignored, maybe it says something about your messages.
(The real trick, I think, is empathy. Think about the person you're messaging. They have an inbox full of terrible messages. What can you write that will stand out? How can you make the reply interesting? What do they want to see? They have too many messages; they're looking for a reason to filter your out; what do you need to avoid saying? Your goal is to get them to read the message, then click on your profile, then reply to your message. It's not that hard a problem!)