"You do have to filter out some stuff unfortunately – but even academia, scientists and historians are now confessing that they are tailoring their output to ‘fit in’ with wokeness and sensitivities."
At best, it will be less useable and more liable to influence once its source of funding is at the behest of advertisers. And with a subscription model, presumably it would then be pay-to-play which is antithetical to the idea of Wikipedia in the first place.
I also don't agree that Wikipedia has to a significant degree departed from "impartiality, openness and academic freedom", or at least I'd need some sources/examples.