AEW's womens division is far, far from perfect. It has a lot of work to do, there's a long way to go, and I think it's 100% reasonable to be disappointed with it, but I think some of the criticism has become outrageous in its excessiveness. And I think this is one of the key points people overlook.
1) There are, by far, fewer women's wrestlers than mens wrestlers, for various reasons, and because of this there are fewer great womens wrestlers. Because WWE had a big push to present womens wrestling as more legitimate thanks to NXT several years ago, they signed near every elite woman in the west. This is different than men, who have far, far more top level talent. It's much easier to create a great mens division as a new, secondary company, than it is to create a good womens division. The talent level is obviously going to not be the best. Asuka could walk into AEW and immediately be their best worker, while she's mostly forgotten in WWE (hopefully thats changing! very happy about recent events.)
2) Because of this, AEW's plan from the start was to not just rely on second tier western workers, but to bring in a lot of women from Japan to help bolster their division. This plan was foiled almost immediately thanks to the panedemic and the travel restrictions, leaving the division thin of western talent because WWE/NXT signed all of the top girls, and devoid of eastern talent because of the restrictions. On top of that, arguably their best worker, Serena Deeb, had a long injury during the pandemic. Similarly, one of their brightest prospects, Kris Statlander, had a significant injury herself that kept her out for a long time.
3) The AEW roster is insanely stacked. By my count there are about ~97 active men and ~22 active women on the roster who are actual properly signed talents. That's nearly a 1:5 ratio. And while the men are loaded with top, proven stars, the womens division has slowly built around less experienced talent such as Jade Cargill, Tay Conti, and Anna Jay; workers who arent amazing in the ring but have charisma and presence such as Britt Baker; and a few key veterans in Hikaru Shida and Thunder Rosa.
4) AEW has 3 hours of television per week. We tend to get an 8-10 minute womens match on both Dynamite and Rampage, as well as a handful of short promos, backstage segments, etc to set up future matches. There are usually ~6 matches on Dynamite and ~4 matches on Rampage. Of ~10 matches per week, 2 are womens, which is in line with how much of their roster is made up of women. Raw every week is 3 hours, if every week on Raw we were guaranteed two 8-10 minute womens matches plus around 5 different storyline related segments pushing other womens stories forward, I think most people would be fine with that.
5) With almost all main event worthy western women working for WWE because they had the drive and resources to sign them before AEW existed, it's far easier to build an elite division, especially when you have 2 more hours of television every week. With all of the issues AEW has had bringing in additional talent from overseas, things have been in flux for them since the beginning, and its caused them to rely on green talent and lesser workers - neither of which you want to feature regularly and expose on tv.
Going into the second quarter of 2022, with the additions of Toni Storm and Mercedes Martinez, the long term rise and improvement of Jade Cargill, the storyline build to let us get to know Jamie Hayter, the shift in character of Kris Statlander, the culmination of a long term grudge feud with Deeb and Shida, and the big moment of Rosa finally toppling Baker, I think AEW is at a point where the division is finally filling out from a talent perspective with a lot of the slow progress and growing pains paying off, even without the overseas imports or the head start to snap up all of the top western talent.
It has a lot of improvements to make, I wish some things were different, I wish some people were featured more, and I wish at times that Tony would take the leap and let there be some more growing pains in exchange for the hopeful payoff in the future, but i'd also be lying if I said I would have the confidence to do that as a booker when I could just throw out elite level mens wrestlers instead - many of whom we could be having the same exact conversation about, by the way, as far as not being as featured as some of us would prefer.