I get emoji with that command, not keyboard options.
I watched a video about it earlier after
@Tagbert mentioned it. It appears to be just as powerful as Automator. It has to be because it will probably replace Automator. It does allow scripts. It has a different user interface, I wouldn't call it dumbed-down, I would say maybe it appears a little more user-friendly. To me, it was not quite as intuitive as Automator. Shortcuts allowed me to import the EXIF action I created in Automator. Shortcuts is a poor name choice. Searching for info about the app is hidden by all the results for keyboard shortcuts.
The stability of Monterey is questionable. I'm afraid we're past the days of stable Mac OS. They'll continue to make improvements and offer new function, but they'll never get all the bugs out before they change to something new.