I've been working on a passkey-/WebAuth-first startup for the past months and I fully agree with most of the opinions for the slow adoption so far. From my experience, it's all comes down to two major obstacles: A) process / product flows and B) technical implementation.
A) Passkeys / WebAuthn require a completely different user behavior (compared to passwords which everyone is familiar with) and thus a lot of user education. Many product managers see the benefits with less friction, but are super cautious to introduce passkeys for existing systems, especially when users are not too tech-savvy (if you're building a new system for a technical audience, then things look different). Besides it's a huge product management effort to cover all cross-devices/-browser/-platform flows and all edge cases that are involved. Due to the device-boundness of passkeys and the different UI patterns on different device/browser/platform combinations, it gets quickly complicated. Besides you still have to support all your existing login methods: passwords, MFA, social login, SSO. So many product managers looked for larger companies to show best practices for passkey / WebAuthn flows, but so far there's just a handful of these companies, so product managers rather wait for broader adoption.
B) When talking to developers, many have heard of WebAuthn or the FIDO alliance, but integrating passkeys into your existing auth flow is not a 60 minutes task. You have to maintain your own WebAuthn server, deal with different forms of recovery and have to stitch everything together with the existing accounts & login methods. So far there's not many providers who offer easy WebAuthn / passkeys out-of-the-box and many like FusionAuth or Auth0 charge quite a lot for it. Moreover, passkeys / WebAuthn authentication is not anymore a backend-focused form of authentication, but a lot more frontend-loaded, as the UX plays quite an important role and the WebAuthn flow requires JavaScript to call the OS-native APIs. This makes things way more complex than just calling an email-password-auth endpoint. Besides, passkey implementations for native apps (Swift, Kotlin, Flutter) are very basic and good documentation for cross-device flows is lacking here as well.
Nevertheless, there's a lot in the work under the hood and I'm still bullish that things will look pretty different in the near future.