It was never quite that, but that was the theory.
The problem is because it was an exact clone of RHEL, it's somewhere between difficult and impossible to have a proper community around it. Like I said it kind of revolved around "file a bug to Red Hat, wait for someone to pick it up, and then wait more for it to be shipped, which will be months away at best and could be years if it's not a paying customer's priority"
Before that I would pay $49 a year for it.
I totally get why CentOS was useful. I was briefly involved with Rocky when it first was getting started.
https://developers.redhat.com/articles/2022/07/06/what-quali...
But RHEL is free for limited production purposes also, to a maximum of 16 systems.
https://www.zdnet.com/article/red-hat-introduces-free-rhel-f...