Total bust??? Completely a knee-jerk overreaction.
For me with a 2020, I'll have to give it some serious thought but even I think this is a definite upgrade in a few key areas. The interior has what looks like much improved material quality improvements which is a bit lacking on Gen 2s; the doors, center console, Sync 4 system, steering wheel and button layout is very cool, the new Recaro seats are awesome it seems like, the upgraded more responsive Live Valve shocks seem to be what the Gen 2 shocks should have been (I'm betting the difference between pavement feel and off-roading between the different modes is much more noticeable and responsive), the rear suspension upgrade and an even further refined HO Ecoboost and transmission. 37" tires default which also means the drivetrain would be beefed up further etc.
Should I go on? Total bust ... you've got to be a bit of an idiot. The Raptor R I'm sure will give everyone the v8 ... which by 2022 I'm sure we'll see a refined and tweaked version of this Gen 3 truck as well. Total bust? lol
TFL had a much more in-depth overview of the truck vs. the Ford teaser video of course.
Also ... proper ride height sensors in the rear with the upgraded front-and rear shocks which should all but guarantee a much smoother feeling ride on and off-road.