Always good to be aware of nonsense solutions that solve (or don't) problems at a needlessly high cost.
But galvanically isolated supplies do offer real world benefits in the world of high impedance unbalanced connections etc.
Lots of the problems could be avoided or reduced by one to one cabling rather than the "dreaded" daisy chain. ie reduce common impedance in the return path. And yes - I did once make the error of putting a digital fx (fwiw Korg G5 bass fx) on a daisy chain with a high gain pedal. Soon learnt my lesson.
But properly isolated supplies taker much of the "danger" away and are not excessively more expensive than supplies with common 0V.
One of the associated problems is determining which supplies are really isolated as many are advertised as isolated but this refers only to the ability for individual regulation/protection such that a short on one output won't take the other outputs down with it.
Additionally the offer the ability to stack voltages to power eg "18V pedals" from two 9V outputs.
Hi-Z pickups are, indeed, inherently 'noisy'. Additionally proper shielding of pickup and control cavities can make a huge difference.
It's surprising how many guitars / basses that are "not inexpensive" have control cavity shielding that consists of poorly applied conductive paint.