I agree that it has definately had an impact on the infosec certification community, and I view someone with an OSCP or more to be a prime candidate however, I disagree with their statement that “many people just don’t respect infosec certifications.”
It’s just not true as a rule. There are numerous respected infosec certications, though as noted, many of them are more practical. The CPT/CEPT, the CREST certs, GSE, ect.
However I feel that having professionals only focus on the OS line of certs would be a net negative for the industry. When i’m on /r/asknetsec and people ask for a cert, 95% of the time the first answer is OSCP. No matter what they want to do in the industry, OSCP is the answer. Its just not how it should be working.