yeah, funky how 20 years later the UTM (Urchin Tracking Module) query param is still the defacto standard tracking tag.
The migration would never be total, though, because more than a few users had copied the analytics script to their CDN or were in some way depending on a local fork of it. Some backwards compatibility would need to be maintained, perhaps for as long as the product exists. For this and other reasons, changing the params (and supporting both, indefinitely) wasn't pursued.