It's pretty accurate. I was a bit shocked when I saw that room names were not encrypted. I thought that was such a basic privacy requirement, and it's not hard to implement when you already have message encryption.

Matrix seems to have a lot of these structural flaws. Even the encryption praised in the Reddit post has had problems for years where messages don't decrypt. These issues are patched slowly over time, but you shouldn't need to show me a graph demonstrating how you have slowly decreased the decryption issues. There shouldn't be any to begin with! If there are, the protocol is fundamentally broken.

They are slowly improving everything, with the emphasis on "slowly". It will take years until everything is properly implemented. To answer the question of whether the future of the protocol is promising, I would say yes. This is in no small part because there are currently no real alternatives in this area. If you want an open system, this is the best option.