The irony is that the rules about annoying cookie notifications were supposed to be fixed by some additional changes that came into effect with the GDPR, but those changes weren't ready in time.
Yes, that seems to be what they're aiming for now. It was originally supposed to come into effect alongside the GDPR last month, repealing the analogous ePrivacy Directive that was (and for now remains) in force, and therefore allowing member states to update their national laws to remove the annoying cookie notification requirements. Sadly, it wasn't ready in time.