Nope it isn't. It's still a wonderful device.
I have both 2019 Sheild TV Pro and ATV 2022. I switch between both.
Example take a look at the prime video snap shots from Jack Ryan.
Apple TV 2022 Below:
View attachment 74342
Shield TV Below:
View attachment 74343
This is being played on X90J with same calibration settings and same brightness. Ignore the skin tone colour tint which my S22U camera is adding. To my naked eye, skin tone are perfect.
Prime Video, Sony LIV, YouTube, Shield dominates.
Again recently I saw Fifa world Cup live on Jio Cinema and Apple TV dominates.
Netflix, Hotstar, Zee5 ATV dominates. DV and HDR is fantastic with ATV where as shield sucks.
Infuse vs Kodi for Native HDD content. Hands down Shield dominates.
In Audio, Shield dominates in almost all the apps, even more so when played True HD content.
Firestick can come no where close to shield or apple TV.
I dont have comparison pics and videos for it. But you can take my word for it. I tested it extensively. This is a FALD TV, in an OLED TV it might be different again. But I suggest having both shield and apple tv.