The fact that this isn't a full mitigation is mentioned in the original post from Microsoft, but it's more of a footnote. I think it would be better if it was spelled out more clearly so people don't think they're safe when they're not.
From https://blogs.msdn.microsoft.com/vcblog/2018/01/15/spectre-m...
> It is important to note that there are limits to the analysis that MSVC and compilers in general can perform when attempting to identify instances of variant 1. As such, there is no guarantee that all possible instances of variant 1 will be instrumented under /Qspectre.