Well, they can (and likely will be) used in both modes. Either these things are just a different way of generating a password for a password manager (itself a big target of attacks), or they are a way "to move beyond password with TPM-level security". If it's the former, the security benefits are limited. If it's the latter, the "it's a trap" logic applies at least in part.

> Well, they can (and likely will be) used in both modes.

I agree - and that makes me wish that the messaging was more clear from passkey supporters. Some may be genuinely confused and talking about one or the other mode (or not even realize that multiple modes exist), and some may be trying to claim the benefits of one mode while/or handwaving away the tradeoffs of the other mode.