Cloudformation is not without its problems, even still. I feel you overstate Terraform's issues, though there is tons of valid criticism to go around. I would say Terraform really shines in areas CF still does not.

We use Terraform for our foundation and a clever Cloudformation custom resource hack to export values out to use in Cloudformation stacks where appropriate(use with Serverless services, etc). Works great for us; Terraform has seen significant(surprising even if you haven't looked at it in 6+ months) development over the past year.