I got a pretty significant bump down. GM2 or whatever I ended S8 at down to M5. But you’re right, they didn’t actually reset anyone. But allegedly later in the season that’ll be changed, at least based on the verbiage in the patch notes.
But yeah it’s the same exact system as when they first introduced metal ranks. The new dev team just kind of backpedals after the new stuff. I mean the 5 wins for an adjustment system was awful, so it’s a welcome change.