just so that we all on the same page here: she is talking to a small percentage of men rn and if you're reading this you're prob not among that percentage
that being said: yes, the cold approach is more or less officially dead. no, it has nothing to do with men being "pussies" as she implies but with men not wanting any possible mistake/fukk-up escalate to a point that their life is ruined because this is the point we've reached now
Some women legitimate feel like if an "ugly guy" approaches them, they should go to jail for merely stepping to their direction. Not even social harassment, just a basic cold approach. We reached that point in society and its where no one wins.