Is Redux good or bad for React?

So, I've been hearing a lot about Redux lately, and I'm curious to know what you think about it in the context of React. Is Redux really a necessity for every React project, or can it sometimes be overkill? Are there any potential drawbacks or limitations to using Redux that I should be aware of? Ultimately, I'm looking for a balanced view on the subject, taking into account both the benefits and the potential drawbacks of integrating Redux into a React application.