Does it though? The webRequest API still exists in MV3, but as read-only. So if you're interested in snooping everything you still can.
> That’s because Manifest V3 doesn’t change the observational APIs available to extensions. (For extension developers, that means Manifest V3 isn’t changing the observational parts of chrome.webRequest.) In other words, Manifest V3 will still allow extensions to observe the same data as before, including what URLs users visit and the contents of pages users visit.[1]
[1] https://www.eff.org/deeplinks/2019/07/googles-plans-chrome-e...