For me, this is a hard 'No'.
This design requires far too much visual processing of my own brain to separate the 'liquid glass' animations from the content of the button.
I find my eyes tracking content sliding under the controls and not looking at the objects in the controls.
I was thinking of moving from Google to Apple with the next generation, but this new feature for me is a hard pass.
Even watching the video about it from Apple is not a relaxing experience for my eyes.