Yes, however, the Loom project is still some years away and the Java standard library will need to be extensively revamped to support this. I see this easily a decade in the future.
They also collaborated with IntelliJ to find bugs related to debugging Java apps, to make sure Loom doesn't break anything there.
Loom is well underway. I wouldn't be surprised if we saw Loom in Java 19 or 20. So in 2-3 years.