No.
From my viewpoint, from what we’ve been shown, Shadowlands will merely be a continuation of the over-systemization of the game we saw in BfA. Systems design has taken the place of content design.
WoW’s design has shifted to providing new, complex systems for gearing every patch rather than providing new content or story progression for our characters.
In the past, gearing was rather straightforward and understandable and our character progression was more tied to the content we chose to engage in — unlocking the Isle of Quel’Danas, the Argent Tournament, progressing through the Firelands, exploring Pandaria’s lore with Lorewalker Cho, etc. Content that changed the world around us and our characters. Even Legion still had this with the progression of the Class Order Halls and the Artifact weapon.
Now? It’s all about new gearing systems that drop every patch and getting us to grind out the system with a series of dailies. The Covenants look to be a continuation of this type of design. And this systemization has been extended to every corner of the game from professions to flight.
Until we get a return to the idea of content over systems, I think we’re stuck here.