Dolby Atmos technology has improved, and the masters they provide can be immersive and worthwhile listens, but there are three significant problems I think it still suffers from. Firstly, its stereo-rizer function still adds new information that didn't originally exist. Secondly, the masters add a lot of directional information that interferes with eachother, spatially—attempting to hear information from more than three directions at once is tiring, the effect doesn't last and there is compression and file size issues due to the up-mixed channels.
Lastly, and most importantly, it isn't a natural progression from what made stereo sound so imaginative and catchy, with a clearly defined center and left and right channels where a rich, powerful mix could take place. Instead, Dolby Atmos is completely alien to stereo and, unfortunately, most would agree it doesn't gain points by being so different from stereo.
Dolby Atmos is still an entertaining listen with significant improvements, but is it the future of sound or even spatial audio? Possibly not.