The assertion reinterpretation is an old backwards compatibility
mode which was no longer being maintained on feature-parity with
the assertion rewriting mode. It was also responsible for some
dubious patching of builtins and test with side-effects would
suddenly start passing. Since re-writing has been the default for
a long time and plugins are now also re-written it is time to
retire reinterpretation.
While this leads to slightly more complicated user code for the common
case (checking if the exception is of a given type) it's easier to
implement and more flexible.
When __tracebackhide__ gets set to an exception type or list/tuple of
exception types, only those exceptions get filtered, while the full
traceback is shown if another exception (e.g. a bug in a assertion
helper) happens.