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Yes systemd is Red Hat's "embrace, extend, extinguish" strategy for Linux.

Redhat used to be good before they forked off the desktop OS into Fedora. They went downhill in my eyes quickly after that.

But isn't Fedora really is a bleed-edge version of CentOS? So what's the issue?

ISTM "bleed-edge version of CentOS" is a bit of an oxymoron. When has anything in that distro been current, to say nothing of cutting-edge?