If it's a core pillar of the project, and the T&S team doesn't exist anymore, is Matrix dead in the water, crumbling before it had even gotten the foundation laid?
That said, T&S is a core pillar of the project, because without sufficient moderation and anti-abuse features the network will obviously rapidly hit a glass ceiling (which you could argue that it already has). Which is why the T&S team does still exist going forwards; just not in the same shape. It utterly sucks to have been forced into this through budget constraints, though.
It's still not as easy to develop for as IRC though.
Why on earth you would want to interact with a tiny ass screen with a horrifically bad keyboard and be harassed by messages all the time is beyond me. But, hey, that seems to be what all the cool kids want, and I'm an ancient greybeard who just doesn't get it.