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POV: I’m reasonably good with exams and passed the Data Cloud exam last week at Dreamforce.
Data Cloud has more potential to be used across verticals/industries, as it is bundled with all orgs and there will be more features dependent on it over time. FSL and CPQ are very interesting, but they are a bit more niche.
Hype or not, Data Cloud is a product worthwhile checking out. And the exam is fair and preparing for it will help you understand some concepts.
It is, in general, well written. Unlike AI Associate, which is an unmitigated disaster.
I used the Partner Learning Camp.
I had covered most of those materials trying to get the Accredited Professional certification.