Seems this tends to go exactly the way Scrum and Agile did. If done correctly by the whole company it works well. But in most cases it will probably be a mandate by top management and the rest has to come up with some nonsense metrics and objectives and just play a game.

I think more and more any methodology will work if followed honestly and adapted to real world problems. In the end it's always the disconnect between what an organization claims to do vs what it really does. If that disconnect is small things are good, but in a lot of cases the disconnect is big.