IMO, streaming won in part because once people (i.e. grandma) changed the input to the streaming device, they couldn’t figure out how to get back to the cable box, or at least didn’t want to risk “breaking anything” when trying to do it when their resident tech person wasn’t around.
Getting rid of the input button is either really bad (making this process even more fraught), or is a sign that the whole idea is just going away. Input switching should be incorporated into the home screens instead of being a separate menu/function. Hopefully this is the direction LG is going.