I can respect your experience, and in fact it mirrors mine, in that any review process invented by HR inevitably becomes a broken, gamed system, with limited value.

Where it seems we disagree is on the solution. I don't think adding an even more burdensome artificial review system will fix what is still the same review process, just sped up. They've missed the entire human aspect of how immediate feedback is used/interperted, i.e. how a manager can correct a poor attitude or a deficiency without turning it into an everlasting stigma. As much as HR would like to pretend otherwise, good management is a skill and requires some basic human interaction talent to do correctly.

This will be another failed HR initiative within a year or two, at best. At worst, it'll turn into an episode of Black Mirror. -> https://en.wikipedia.org/wiki/Nosedive