Just finished the season. Not too fussy about labels myself--dark, dystopian urban near-future with flying cars, body augmentation and plenty of hacking seem cyberpunky enough for me, but whatever--though I agree the social message gets played up a lot more here than in traditional cyberpunk.
That would have worked better for me if I wasn't rooting for the sister. Without getting too spoilery, they changed Quellists from being sort of quasi-communist (in the books) to full on anti-technology Luddites who want to get rid of digitized consciousness. I mean, opt out if you want, but I don't think anybody would have the right to make that choice for others.
It was okay though, good but not great. I enjoyed the over-the-top parts (two horned gladiators! and a knife-wielding assassin! and a berserk crowd! and a ninja gymnast with a katana!) and thought they made a good effort to personalize the story and tie all the plot threads together into a more coherent whole than is in the book. I think they tried too hard to up the DRAMA of every scene too much though, with sometimes silly results (like the fight in the clone bank...so, so many boobies). The final "everyone stands around revealing the plot" was straight up daytime soap opera, too.
That ending was heavily hinting at a sequel tied to Woken Furies though, wasn't it? Hope they don't skip Broken Angels, that was my favorite.