My feeling is that ETH Devs clearly recognized that the D had to be removed from DPoS governance to take advantage of the scalability of the network speeds without trading off the expected trust of Proof of Work (a vunerability exposed in the HIVE/STEEM fork) as they make the transition to ETH 2.0.
Hopefully development with ETH 2.0 will move quicker than SMTs on STEEM. 😎
For me, at least, DPOS has been sidelined other than for less secure critical applications like games and the like. One is not likely to see investors looking for storage of wealth after the vulnerabilities exposed in the HIVE/STEEM shit show.
I think you summed it up fairly, especially the last bit.