Yes. I think it is a great competion for other countries than the top-8ish. I never expected biggest teams to play full strength and they probably should rotate a bit more.
How is it complicated?
I think football is far too elitist (as is this forum) and everything is seen through the top 0,1% of players and teams.
UEFA is an absolutely terrible organisation (although pretty much all the best club teams are equally immoral) but nations league and conference league have been great success stories so far.
Maybe you would enjoy it more if Ireland weren't so bad
4 games now is a bit much, but that is only a consequence of the WC and won't happen again.