I find it hard to believe that it actually is a microcode issue. Mostly because Intel has way too much motivation to pass it off as a microcode issue, as they can fix a microcode issue for free, by pushing out a patch. If it's an actual hardware issue, then Intel will be forced to actually recall all the faulty CPUs, which could cost them billions. The other reason, is that it took them way too long to give details.…
That said I too am very skeptical. I just issued a moratorium on the purchase of anything Intel 13th/14th gen in our company and waiting for some actual proof that the issue is fully resolved.