I think he has had some good takes in the past (but I never followed him closely or saw more than the occasional excerpt of his writing), he's just become increasingly incoherent and reactionary over the past several years. Maybe he's angling to be the next Nick Land and found the New-Neo-Reactionary movement or something, or maybe his brain's just fried.

Actually I'm seeing a ton of parallels between him and Nick Land now: both were incomprehensible quasi left contrarians, and both pivoted from that into just straight up incomprehensible contrarian reactionaries.

Although even before that he was more a meme than anything.