Misses the point.
Firstly they still have the control panel.
Secondly they are slowly transitioning everything relevant from the control panel to the settings app.
Thirdly even having everything in the control panel didn’t make it easy to find exactly what you wanted.
This makes it so you can just say “set my power profile to balanced” and it would do so. That’s a nice, welcome addition.
That functionality is built in to powershell now, that’s why they retired that.