Doesn't spare you from having to interact with the popup. This is probably the single dumbest law to ever have been made. It wastes everyone's time, and not insignificantly. While the browser is and always was in full control of cookies, nobody checks whether the popup actually even does what it says. And since it's a waste of your time in the first place, who takes the time to report illegal ones, much less has any interest to do so, because where you saw it is where you will likely never visit again anyway.

If anything browsers should be simply rejecting all cookies by default, and the user should only be whitelisting ones they need on the few sites where they need it.