I'm only five episodes in. Thus far, I think it's mostly been a step down from the previous seasons. Splitting the group up was an interesting experiment, but I don't think it actually paid off. Too much of the camp was either overly-long body function gags or was about short-term side characters who I don't tune into the show to see. The trans girl wasn't a bad character. Neither was Nick's other friend. But they were there instead of utilizing the main cast, because I guess even the writers knew that the main cast wasn't doing anything funny or interesting. And those anxiety mosquitoes are annoying as fuck. They ruin every scene that they're in. Why does every single thing need to have its own supernatural entity? These kids have been manufacturing their own anxieties just fine for three seasons without any need for additional characters to show up and claim to be the cause of it. All the mosquitoes really do is add more unnecessary moving parts to the scenes that they're in.
So far the best thing has been Missy and her relatives, Jay and Lola, and the future Nick dream.
But I'm just not constantly amazed through each episode the way I used to be.