Lets hold off on predictions until we actually get some data. South Africa's hospitalization rate is beginning to take off exponentially.

https://www.voanews.com/a/south-africa-readies-hospitals-as-...

> “Unfortunately, we’re seeing a more than doubling of hospital admissions each day,” said Ian Sanne, an infectious diseases specialist who serves on South Africa’s COVID-19 presidential advisory committee.

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It would be wonderful news if this variant is milder than Alpha or Delta. But we don't actually have hard evidence of that yet. In a month or two, we'll probably know for sure.

EDIT: A lot of the variants follow this pattern. People think its milder, because there are more cases than there are hospitalizations. Then, 2 weeks later, the cases become more severe and everyone goes to the hospitals.

So we have to wait. Wait for these new patients, and see if they get better or worse. It takes time before the disease progress into hospitalization stage, and we've only had Omicron in the world for the past 2 weeks or so. Barely enough time for the first few patients to start to enter the hospital.