Multiple AWS employees have acknowledged it takes VP approval to change the status color of the dashboard. That is absurd and it tells you everything you need to know. The status page isn't about accurate information, it's about plausible deniability and keeping AWS out of the news cycle.
When is the last time they had a single service outage in a single region? How about in a single AZ in a single region? Struggling to find a lot of headline stories? I'm willing to bet it's happened in the last 2 years and yet I don't see many news articles about it... so I'd say if the only thing that hits the front page is a complete region outage for 6+ hours, it's working out pretty well for them.