I think the opposite is true. Sure, it's technically impressive, but users have been trained for decades at this point to understand how a basic marketing page should look and this isn't it. These kinds of sites are best left as portfolio pages for designers to show off their skills, not for B2B SaaS landing pages.

It stopped being memorable when it became a trend. I see 1-2 portfolio sites like this every week.

It’s slow. It’s janky. It’s buggy (random x/y overflow issues on mobile, reader view came up blank a few times.) It takes an enormous effort to maintain and update. Too clever.