It lacks a comparison to other apps...
Yes. Would love to see this compared to XMPP, maybe Signal.
And does it actually matter? What is important to encrypt?
It matters a lot! Here's one dramatic example:
Some may find this acceptable, considering the army is rightfully targetting terrorists. However the same techniques are used by autoritarian states to target political opponents, journalists, human right defenders...
It's strange that the server shares the IP to other servers. That's not really useful for another server.
Even if there's a technical reason, it shows the protocol or implementations lack good metadata protections. Hopefully the matrix foundation can fix this soon. If not, people should look for more secure options.