Ender pearls teleport you to the correct location now, but .00002 blocks above the ground.
Take note of the y value in the attached video.
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After consideration, the issue is being closed as Won't Fix.
Please note that this is not the same as Working as Intended, as this bug report correctly describes behavior in the game that might not be the intended or desirable behavior, but it will not be fixed right now. Sometimes, this is because the issue reported is minor and/or impossible to change without large architectural changes to the code base.
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This appears to have just happened to get fixed in 1.21.2pre2, presumably as a result of this ender pearl fix: MC-276716