Before the vaccine, people would have chicken pox parties so all the children were exposed simultaneously and everybody could get it over with. With Omicron, it's simply the reverse, it's blowing through everybody so fast that it will burn itself out in a couple months.
After that, it will simply have a constant endemic background level like chicken pox prior to the vaccine and the flu.
We are in the endgame. It isn't the endgame we wanted, but it is the endgame.