Too right. A breather for us (not in content, of course, but in stakes), and an aftermath for the characters.
I'll disagree on the character aftermath. In fact I'd say this phase focused more on "the next generation" than anything else. We get newcomers Shang Chi, the Eternals, Moon Knight, America Chavez, new Black Window, new Captain America (though old falcon so he may not count), Photon, Ms Marvel, soon She-Hulk.
I would say this phase focused far more on the new arrivals than any other theme.
I don't mind that per say, I get that the old Avengers are fading away here and we need to breathe in new life and fresh characters if they want this to go another 5 years or so. However, my critique is that the stories really do feel disconnected. In the original phase 1 stories, we could see how each story tied into the next one. It was subtle but present, often through the end credit scenes. In Phase 2 we could feel the build up behind the scenes....the infinity stones kept popping up, and we started to see little clips of Thanos "beginning to move". Even though it took a while to get to the first avenger movie and then eventually endgame, there was a momentum behind the scenes.
I don't feel that at all in Phase 4. Well, I felt it a little in Shang Chi when we had the end credit scene with Wong, and it looked like Wong might be the new "glue" that ties our stories together. But that fell away over the next many movies, and now it just feels like individual stories unreleated to any grand design. And to me that was the entire reason the MCU worked, was the grand design and "metastory", I don't need that shoved down my throat in every movie, I don't mind it being slow and subtle....but right now it doesn't feel like its there at all.