That they're making something closer to EU4: Space Edition instead of CK2: Space Edition isn't objectively a bad thing.
Only if you consider good and bad to not ever be objective.
What do you even mean? Yes, theoretically good and bad are entirely subjective definitions, that's fine. People use "objectively" way too often these days.
That aside, you didn't actually reply. Going for wider scope and lesser depth isn't necessarily reprehensible. CK2 is deeper than EU4 in several regards, particularly character mechanics, but sacrifices scope to a significant degree: it comprises only a small chunk of the world (somewhat bigger thanks to DLCs), there's no trade, no colonization, hell, not even naval combat. All justified by the historical context and eurocentrism, but the point stands. You can't go wide
and deep with a comparable budget. As I said earlier, you can't have it all.