Now that two of our mods are back, it's time to look forward.
There's been a good deal of bad will built up, and the mods are not going to have an easy time of it. The new CoC will have some very controversial items in it, and the mods will have to make a choice at that point.
Personally, I don't know if I can follow the new rules as written due to some personal issues I have with COMPELLED speech. On a personal level, I'll call you whatever you like, I don't have a problem with that. It's the fact that the speech is compelled, and that you don't have an option to even avoid the subject.
Furthermore, as we have seen with the actions taken towards Monica, this has already obliterated the "Assume good intentions" rule, and the things posted about her, and allowed to stand tells me that the "Be nice" rule is pretty much dead as well.
Beyond that, the new CoC is divisive, as it sets up a very nasty "us" vs "them" mentality, where no transgression or deviation from the orthodoxy is allowed. Again, the treatment of Monica demonstrates that. It can, and will be weaponized to get rid of people or be selectively enforced against some.
It also will invite trolling through feigned outrage which will become indistinguishable from real grievances. All one would need to do is post one's pronouns in their profile, wait until someone gets it wrong, and report them. Trolls love using strict rules to drive sites into administrative overload.
I do not envy our mods in the upcoming months, nor the choices they will have to make. I appreciate the fact that we have had two come back. In the end, I hope they can affect the change they wish to see, and that greater SE listens to them.