It's been long overdue. While it did provide some interesting stats, and we used it quite a bit back in the 1998-2004 timeframe, I never really saw how they could make money. People would install a browser bar (remember those?), and it would track what people did on the web and then update the database. The stats were skewed so badly as the only info and ranking they could provide was based on the people who had installed the browser bar app.
As I said, it was handy to use and see what keywords people were typing and where sites were ranking etc, but there are far more greater tools available. Alexa just never kept up with the times.
So, as of May 2022, is that when Alexa (the assistant) will take over the domain? I wonder what's in store!