Even Windows generally switches down to software rendering when resizing. And on mobile devices, nobody resizes.
No pointer warp, however, is a failure (CAD packages all have significant issues on Wayland). Lack of multilingual support/accessibility is a failure. Lack of screenshots/screencasts is a failure. Lack of support for the BSD lineages is a failure. etc.
People are still bitching up a storm because Wayland still (Pipewire does screen sharing using DBUS(!) for example) hasn't fixed basic things while DeadRat is shoving it down everybody's throat by dropping X11 support.
The Wayland devs aren't wrong about the security implications of this kind of stuff. However, they're also not giving anybody solutions, either.
One big issue is that Wayland devlopment is so slow that the entire space moved forward and destroyed a bunch of assumptions that Wayland is based around.