I had a bumble up Mitre way today. See what all the noise is about. The anchor on Serpent was some kind of sleeve and bolt. Looks like the sleeves are undamaged. Could probably just screw in a new bolt. Hard to call it chopping.
Of more interest are the new rap rings on the ledge at the top of baptism. The are two new rap stations in five meters. Both within spitting distance of a mess of trad placements. Clearly convenience bolts for those too lazy to walk down the established summit track. It gets better. One of these new stations has already been stripped of its hangers too.