> ...as that to me implies somehow getting access to the raw private key or root secret bytes.
When passkeys were first introduced, they were 100% stuck to the device that they were created. There was absolutely no real way to copy them off. This is when proponents were -correctly- making the claim that they were immune to phishing.
When lots of users (who -notably- were not supported by whole-ass IT departments who set up and run systems that handle provisioning and enrolling new devices) started using passkeys, the correctness of the thing that many non-boosters were screaming ("You have to have a way to back these up and move them between devices!") became abundantly clear. Passkeys became something that could be copied off of devices, and proponents -correctly- switched to the claim "Passkeys are phishing resistant".
Once things switched around so that passkeys were no longer stuck on a single device, third-party managers got the ability to manage and copy passkeys. [0]
Hopefully it's now clear that the shift from "they never leave the device" to "they do leave the device" (and the consequences of this change) is what I'm talking about.
[0] At least, they will for the next five, ten years until the big players decide that it's okay to use attestation to lock them out to "enhance security".