its been in the pipeline since 2017 with little major movement on it, while a bunch of things developers didn't actually ask for have managed to have more precedence. Whenever I've pressed for reasons for this, it gets hand waved away that they need solutions for SSR and encapsulation. We have both now.
Honestly should have shipped day one with Web Components, would have made it far more compelling. It has always felt like such a big miss to me by the standards bodies that this didn't get attention.