Earlier quoted context omitted.
In certain cases isolation and simplicity overlap, I suspect for example that the dangers of SMT implementation complexity are part of why Apple didn't implement it for their respective CPUs. Likely we'll see this elsewhere too, for example Amazon may not ever push to have SMT in their Graviton chips (the early generations are off the shelf cores from ARM where they didn't have a readily available choice).
I could be mistaken, but I don't think Zenbleed has anything to do with SMT, based on my reading of the document. There is a mention of hyperthreads sharing the same physical registers, but you can spy on anything happening on the same physical core, because the register file is shared across the whole core. It even says so in the document: Note that it is not sufficient to disable SMT. Apple's chips don't have this…
I think we may be seeing an industry-wide shift away from SMT because the performance penalty is small and the complexity cost is high, if so that fits parent's speculation about the trend. In a narrow sense Zenbleed isn't related to SMT but OP's question seems perfectly relevant to me. I come from a security background and on average more complicated == less secure because engineering resources are finite and it's just harder and more work to make complicated things correct.