Just caught up on this. I watched the first 2 eps then left it for ages (busy) and just watched the rest. It certainly went places I wasn't expecting. And yes it's phenomenal in lots of ways.
Bella's monologue at the start of ep7(?) was great, something like 'now I have to pay attention to my sex (she said gender) when previously it's been being poor and black that have affected me' (terrible clumsy paraphrasing from me).
I almost stopped watching after the horrible scenes in ep 3 or 4, lots of nasty sex and Zain seemed hideous from the start, so when Bella said 'so are we going to have sex then' or whatever it seemed completely out of the blue to me, I hadn't noticed any sexual tension or whatever beforehand. Then I was astounded a with-it young thing like her didn't know about stealthing, but it's a great example of the 'grey areas' this show is trying to put in the spotlight.
The Theo storyline to me is the least clear-cut. I still felt like she'd been exploited even though nothing in the particular claims turned out to be true, but as a pp says if she's having sex and pics taken for cash she is to some extent. If she's getting permission to hear people's stories based on her assumed past of sexual assault then I would say that falls under the 'consent issues' of the other storylines.
Compare to how Bella instantly is open when she realises the Henny lady is black - they share something important, she opens up. Even though we see the publisher doesn't seem to share much else in common with her. She thinks (? does she?) Theo is a victim of sexual assault too so they share something.
Upthread posters had said Theo seemed cagey with her stepdad which I picked up on too, but could've been a red herring.
Btw, is anyone watching this with a male partner? I don't think my DH is that into this - can't really relate to these levels of hedonism, impulsivity and risk! - but I think it's important for lots of people to watch.