The pitch is that passwords will supposedly be phased out entirely as an option.

I've been told by multiple people that the recovery method of passkeys is to enter your username/password. If passwords are eliminated, your final recourse is fucked.

Which is a laudible goal, but something that makes "oh just fall back to the standard insecure recovery process" not a very good response to the concerns about users being able to actually hold on to their passkeys easily and reliably.