Yes it is technically correct that the majority of cases are mild. I wouldn't call that "inconsequential", or "similar to the flu". Maybe "Similar to the worst flu you've ever had", although the important distinction (need hospital vs get better on your own) remains the same. But that statement is true in roughly the same way (and with roughly the same probability(+)) as saying "the majority of people who play Russian Roulette win". Yes, I have an 83% chance of living. I still don't want to play that game
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(+) According to this very study that we are all commenting on right now, ~20% of cases need hospitalization, and a majority of those cases will be fatal without it