There’s still just as few stars in the sky with these new lights as when we had the old lights.
Streetlights are only one of a great many sources of light pollution, but as the adage makes note ... "you've got to start somewhere".
The local Victoria chapter of the Royal Astronomical Society of Canada has an entire committee, represented locally, regionally, and nationally that focuses on reducing light pollution. That focus stems primarily from the astronomical requirement for dark skies, but is also broader in scope, and includes those reasons I touched on above.
But you're absolutely correct Mike, nothing is going to fix the current inability to see the night sky in our lifetimes ... that said, the approach is two-pronged, in that first you have to stop light pollution from getting any worse, and then you have to put measures in place that start to reduce it. it's a multi-generational process.
The new LED streetlights are definitely part of that "start", and (luckily) one that is happening throughout the developed world. Of course the bean-counters are primarily looking for (and getting) substantial energy cost savings, and taking the reduction in light pollution as part of the package.
(BTW, the Saanich lighting by-law has long kept the DAO in business, still the largest and busiest major observatory in Canada, in a part of Saanich that's undeniably and very noticeably "darker" than much of the remainder of the municipality).
I get that some folks don't consider light pollution to be an issue of concern, and that's fine as it does tend to be a niche issue ... but for many it's definitely worthy of trying to slow down, and eventually reduce.
I envy that farmer in the Prairies, or the Plains ... the one that sits on his porch under Bortle Class 1 dark skies at night, and who can almost read the newspaper just from the light of the Milky Way
To demonstrate how recent light pollution is, that same farmers father and mother likely waited on the same porch back in the '30's hoping to catch sight of the crew running electricity into their county or region, for up until that time most homes were illuminated at night with Coleman lanterns, or "whole house" Coleman gas lighting systems.
There are lots of places on the Canadian Prairies that didn't have electricity until the late 1930's ... so the whole "light pollution" issue is a relatively recent concern.