I had the pleasure to listen to a lot of different speakers in my life. The hype around the Hompod gives me the impression, that the people do not have a lot exposure to good sounding speakers. They are not bad but far away from exquisite. When Airplay was a new thing, Philips brought some expensive Fidelio speakers to the market.
The small ones sounded better than the Hompepod Mini and
the large ones sounded better than the original Homepod. And the Infinity Speakers from the nineties sounded better than all of them. So yes, there is a lot of hype and lack of experience.
Old HomePod: WiFI 802.11ac (WiFi 5) introduced in 2014
New HomePod: WiFI 802.11n (WiFI 4) introduced in
2008
This might be a real problem in modern network environments, because it might no longer be supported.