Most of those don't even have Thread so ...Look forward to the firmware updates for my Ring, Hive, Sonos, Blink, Echo, Hue, Tapo stuff
Maybe.
Look, this is messy and not ideal. It's like the networking mid-game in the 80s.
Standardizing on Thread was the equivalent of everyone agreeing "yeah, we'll accept ethernet as the networking HW" (rather than TokenRing, serial line AppleTalk and the rest of them). That agreement required (over some years) replacing a lot of HW with ethernet hardware.
But even after everyone agree on ethernet, we still need agreement on every higher level of the stack. We need agreement on the TCP/IP equivalent. Then on the HTTP equivalent. Then on the HTML equivalent.
At least everything happens a lot faster ONCE THE COMMON HARDWARE is in place. That's the real tipping point -- we need Thread HW in every new device NOW so that, five year later, Thread HW is in every home having replaced stuff over the subsequent five years.