In terms of realpolitik though, Congress is so deadlocked that new proposed legislation is unlikely to ever come and if it does, lobbyists and special interests will have plenty of time to render it toothless.

The coverage is not hyperbolic, it hits on real concerns that the courts will now be involved in every controversial decision. Previously, if your company was involved in something that would fall under the governance of a governmental agency, like dumping some new chemical into a body of water, the EPA could be brought in to make a ruling on the matter.

Now, that ruling might not be in the best interest of that company depending on the level of regulatory capture.

In our current world, that organization will now file a lawsuit to block the ruling of the govt organization and cite the removal of Chevron deference. Then a long, tedious process of court rulings might follow. With the ultimate ruling mentioning "the Clean Water Act does not mentioned chemical XYZ specifically by name". Resulting in the company continuing to release said chemical.

When a new toxic chemical enters the water supply near your home, I hope that your congressman responds promptly. In my experience, they have been quite slow moving on most of my concerns...