The issue with these types of games is the adversarial/exploitative nature of the relationship between game developers and players.
In traditional, old school games there was a simple value proposition: game developers make a good quality game that is fun to play and gamers pay a fair price for that experience. There was alignment between the incentives for gamers and developers - the better the game the more likely players were to buy it - therefore it was in the developers interest to make the best possible experience for players.
These p2w mechanics pervert those incentives. When playing these games I implicitly feel manipulated since I know my interests aren't aligned with the developer's. In fact, simply by playing I know I'm entering into a system that has been painstakingly designed to maximally exploit me. Instead of getting a quality game that is fun to play, I get this twisted skinner box whose mechanics are designed to be just barely fun enough to keep me addicted - with progression curves designed to string me along for long enough that it becomes preferable to just shell out cash for one more button press of the magic button instead of slogging through the f2p mechanics longer than necessary.
When I come home at the end of the day I want to chill out and be entertained with some quality media - not thrust myself into an addictive rube goldberg contraption designed to extract as much money from me as possible. Its super disappointing to hear about a game like this, get excited for it, and then witness all the ways potentially great gameplay has been compromised in service of creating an optimal manipulation machine.
Anyway, obviously many people have written on this subject much more eloquently then me - it still sucks though.
