Yes you will get Notifications, but it will only tell you WHO either reacted or quoted "your" post, but it does not tell you WHAT the reaction was, as it did before, ie Like, Love, applause, Meh, Bomb etc...... Those reactions were nice to know as it was helpful in adjusting future posts, or possibly making amends for a post that proved offensive or disliked by some. The only way to know WHAT the reaction is now, is to click on the notification and actually GO to the post.
For me, that is the ONLY old feature that I miss.