> Reddit is not dying, just the giant stadium size subreddits are trash.

From a user's PoV, this is at worst a good thing and at best completely irrelevant.

I never go to the large subreddits anyway (political, news, pics, etc), so whether or not they are around, or around and filled with LLM trash is completely irrelevant to me.

OTOH, the subreddits I do visit are alive and well and show no signs of being less valuable to me than before.