I was rather amused to see Chris Titus announce that "XZ Backdoor is NOT that bad!" He seems to have done next to no research into this https://www.youtube.com/watch?v=s_WkMtEPsuE
Skimming through it, it sounds like the video is about 8 minutes to say that the vulnerability only affected test versions of Debian and Fedora.
Which is true, and the number of actual running systems that the backdoor already made its way into is likely not massive -- especially in terms of production or otherwise critical systems.
But that doesn't mean it wasn't bad. It's rather a disaster that was only avoided pretty much by accident.