Will this stop the PoS upgrade and get the PoW algorithm back in check? I guess not, this doesn't change anything only the name changed to me, high gas fee is the major problem of Ethereum but abandoning PoW algorithm won't do any good
They cant fix the scalability problems using POW, most L2 chains are using POS thats why they are able to promise the speed that eth cant achieve by now, POS is much lesser gas cost and fast than POW, small Ethereum users who cant afford from high gas cost are finding ways to use l2 because of this problems.