For the most part.
17/27 mods are marked as active, and that number is slowly going up. However, it is summer, and vacation season, so some people are inactive because of that (including, probably, some people marked as active). Personally, I'm taking an extended break after the strike from moderation for motivation reasons. I'd imagine I'm not the only one doing that, but I want to be very careful speculating why the other 6 strikers (there's three mods marked as inactive for unrelated, personal reasons) are still inactive.
Additionally, we have a backlog of currently 6300 flags, and it takes time to get through all that. That number has been going down though.
It takes time to ramp back up to full capacity. It's impossible to predict when we'll be back to normal, or a level comparable to normal. We'll likely be seeing a resignation or two in the future, from people who decided they were done regardless of the outcome (assuming they haven't changed their minds), which will affect flag handling capacity too. There's a lot of moving parts here, and not a whole lot that can be predicted.
That's just mods though. There's also non-mod curators involved, where there's a similar pattern; some are back, some quit, some are taking an extended break (some of which to wait for SE to follow through on their promises before making a decision on what to do), some are on vacation, some have reduced their activity, etc. All the major organisations (Charcoal, SOCVR, and SOBotics) are active again.
Restoring normality, or at least as much normal as we can get given the damage done, will take time - assuming SE follows through on their commitments and don't trigger a mass-resignation, that is.