Whether or not that's enough remains to be seen.
Reality is, they didn't want to pay FEE's big money because they weren't worth it, and now the company is starving for good UX and they want to pretend they invented a solution to the problem by creating a role that's existed at Google for more than 10 years.
Amazon finally rectified it by introducing the FEE role, which has the same pay scale as SDE's. Perhaps more importantly, the WDE role terminated at WDE III and even that was incredibly difficult to achieve.
That is just your opinion, I love McD burgers. I can also guarantee that in a line up of 5 burgers you wont be able to figure out which one is from McD with blindfold on.
I mean, we've all got a limited amount of time to learn and try new things... being very hard to get some simple SaaS endpoints setup from AWS is often an exercise in frustration. And while I appreciate all the detailed IAM and Firewall options, on Azure (by comparison), if I have the correct security token, I can generally connect over a secure connection from anywhere in the world to pretty much any of their services without friction.
And if I'm going to have to learn a bunch of crap, I'd just assume learn a little more and roll my own on Linode or DO, or any number of much less expensive compute options.
That being said, they excel at building things that are scalable, reliable and secure, and while you may only see that as 10% of the features, for a lot of ppl that is 80-90%, especially if data is involved. They do tend to improve their products over time as well and for better or worse I am sure a lot of those resourcing decisions are driven by data/revenue rather than how crappy the product is.
At the end of the day this allows others to continue to compete with them, which is a good thing.