Well it's become the exact corporate management hell that the original manifesto authors sought to fight back against. I personally avoid joining teams or companies that drank the kool-aid, and additionally find agile to be a particularly counter-productive way to deliver value to customers quickly. About 7 years or so ago I had the first inkling things were wrong when "Agile Coaches" appeared who were not developers.
It does, at least, facilitate micro management and burnout.