Just a casual anecdote, but playing yesterday, the game seemed totally different than the last few days. None of the champ squads had more than 100+ kills.
I won 3 matches out of the 5 or 6 I played, and set a new personal record for kills in a game (12, not a crazy amount but for me it was good).
It seems the ban wave has had a positive effect on my experience, at least here in Asia. I still get potatoes for teammates who think Apex Legends is "a looting game with fights sometimes" but at least I am able to survive, avoiding cheaters, and have fulfilling, long lasting games (as long as I can get my teammates to push and stop looting endlessly)
I've reported several cheaters. I'm glad they are taking steps to ban the cheaters. I just hope they can keep up in the cat-and-mouse game.
Footage I took of one of the cheaters the other day: (this is spectating their view)