I bought my first AW two months ago and though about selling my Omega Seamaster Aqua Terra.
The excitement about the notifications on the AW wore off pretty quickly and compared to my Omega the AW just looks cheap.
I took out my Omega today and I love its timeless beauty. Loved it for the first 10 years and I think I'll never go back to the AW again after that two month experiment.
That's the thing here really - the AW I think really needs to be addictive or genuinely useful to garner wrist-time over a luxury watch. AW still looks awfully cheap, and recently I've begun to think they even look tacky, especially with those silicon bands - looks like a child's thing - though leather bands like Hermes help a lot, as does the SS version paired with them.
If buying a new watch now I'd probably go for a luxury watch over an AW at this point in time because luxury watches are simply beautiful jewellery, and that goes for men too - it's probably the only remaining truly acceptable jewellery that men can wear these days.
For AW to get my attention again I'd want a round version now, and I'd want proper sports features like a Garmin Fenix, and I'd want Whoop like recovery tracking.
For a smart watch, it's still pretty lacking really if you're really into sports. Gimmicks it does great, but my experiences (I've had two AW versions over the years) are like yours - I don't really care for the notifications, I always have my phone. The cellular is wasted (because again, I always have my phone even when cycling as I want the phone camera) and then there's the issue with the AW looking childish which pretty much kills any professional work outfit!
Though in the latter point AW is so popular now you'll see them everywhere. It has a kinda status of its own as tech-cool I'd describe it. It sort of transcends the typical style norms you'd expect from formal wear - but once or if that reality distortion field bursts - it's hard to go back - and it just looks like a cheap child's thing on someone's wrist when I see one now.