What I especially don't like with the golden formula is the increase of block-out.
What is spectacular in volleyball is the power of the spikes, how high players are jumping, how far they are digging, the way they move on the field, etc.
When it comes to blocking, many kill blocks are very spectacular. A ball rebounding on the block might also be spectacular, because there is some suspense (Where is the ball flying? Will someone be able to defend the ball ?).
But there are very view suspenseful block-outs (when it's not too quickly falling, it's too often crystal clear that nobody will be able to play the ball). And when it's a powerful kill block falling just on the wrong side of the line, it can even be frustrating, because it only look like luck or bad luck.
Of course, there's a lot of technical skills involved in the act of spiking a block out / blocking the spike properly. But these skills are very tough to enjoy for the audience.