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It's worth reading this, which is basically the only good reporting I've seen on this topic: https://daringfireball.net/2021/08/apple_child_safety_initia... There are legitimate things to be concerned about, but 99% of internet discussion on this topic is junk.
John Gruber is biased because his brand is closely tied to Apple’s brand. Ben Thompson wrote a better review on the topic: https://stratechery.com/2021/apples-mistake/ There’s also the Op-Ed by Matthew Green and Alex Stamos, cyber security researchers: https://www.nytimes.com/2021/08/11/opinion/apple-iphones-pri...
I think John's article is better than Ben's, but they're both worth reading.
Ben takes the view that unencrypted cloud is the better tradeoff - I'm not sure I agree. I'd rather have my stuff e2ee in the cloud. If the legal requirements around CSAM are the blocker then Apple's approach may be a way to thread the needle to get the best of both worlds.