It does - I think the praise being sung was just that you don't need to know how to construct them. YouTube doesn't have a little orange rectangle "RSS" link to click, or anything.
But on a first glance, it seems like alternate links for channels are back, but playlists are missing. Still, that might be a step forward.
Using openrss.org as an intermediary might work as well, but not ideal to rely on a third party for that.