I like the new layout. Settings categories are better grouped together.
Of course though, Google had to put it's settings at the very top even though it's probably my least used settings menu. Other than that, the layout and order make sense to me.
It's bringing back the categorisation from Android 4. Looks like they're not adding the headers to the groups, though. I guess that doesn't vibe with Material You.
I do like this much better, but I find it a bit weird how often Google redesigns this screen.