What's different now is the visual representation - reactions as emoji.
And speaking from experience (the TapestryMaker social network platform has had emoji-based reactions for a couple years) it really does change the quality of the discussion. Especially on phones, one-click responses are a lot easier; so giving people a big one-click vocabulary makes conversation much richer. And having it representable visually rather than textually changes the image/text balance which for many people really improves their overall experience -- even though people who prefer text may not see it that way.
Oh, and people would use those things 'correctly', it's just too embarrassing sometimes. A simple 'like' is much more diplomatic.
This was pretty much the case Zuckerberg presented for redesigning the button.
And it was killed because no one used it correctly and it made things more difficult versus a simple like/dislike?
What makes things different now?