The fact that effects can be used to simulate other effects does not imply that programmers would typically try doing that. In fact, programming style is more often shaped by trivial inconveniences (often syntactic, or the availability of certain libraries) than most of us care to admit. A programming language that merely discourages people from writing spaghetti code should still cause less spaghetti code being written. Freak bugs will pop up from time to time, but not as often.
Shifting an existing language to a more functional style should be a net negative thing only if the resulting extra complexity and bloat gets excessive. Starting from an OOP/imperative position, it gets harder and harder to support an additional (marginal) piece of FP functionality, and after a while it's just better to start over and switch to pure FP, but current OOP languages flirting with FP are not particularly close to that point. They haven't started in earnest to introduce purity to an impure core language (which would be rather awkward, as the article points out). In this situation it is somewhat early to talk about mostly functional programming not working.
Scala might be closest to the point of excessive bloat, but I'm not really familiar with it, and I think that the FP support there is a good thing, especially in contrast to the Java code that it might displace.
(Disclaimer: I program chiefly in Haskell and I love it).