Yes and no, there is a significant bundle size problem with wasm which is hard to fix.

I'd rather we just move to native cross platform applications and stop using a document browser to build interactive applications.

What's more likely is that all of this will probably be eclipsed by LLM and virtual assistants - which could be controlled by native apps with a dynamically generated GUI or voice.

I think APIs exposing data and executing functions will fundamentally change what we think the web is.