Oh I'm aware of passthrough. It's just a complete second class citizen because it isn't really virtualization, it's a hack. Virtualization is about multiplexing hardware. Passthrough is the opposite of multiplexing hardware: it's about yanking a peripheral from your host system and shoving it into one single guest VM. The fact that this yanking is poorly supported and has poor UX makes complete sense.

I consider true peripheral multiplexing with true GPU virtualization to be the way of the future. It's true virtualization and doesn't even require you to sacrifice and/or babysit a single PCIe connected GPU. Passthrough is just a temporary hacky workaround that people have to apply now because there's nothing better.

In the best case scenario - with hardware SR-IOV support plus basic driver support for it, enabling GPU access in your VM with SR-IOV would be a simple checkbox in the virtualization software of the host. GPU passthrough can't ever get there in terms of usability.