Earlier quoted context omitted.
No, because it still is the pile of HTML, CSS and JavaScript hacks. With WebAssembly you can bypass all of it, and do your UI framework in GL, and everything else with native libraries compiled into WebAssembly.
Which is a terrible usability nightmare waiting to happen... Seriously, DON'T do this. This breaks ctrl-f. This is unlikely to work well for people who need to enlarge text or enhance contrast due to vision impairment. This breaks screen readers. This will probably break most site archive navigators, so your content is lost to history (e.g. wayback machine). This will probably prevent Google from indexing your site,…
I really think it will bring Flash like web sites back, and browser vendors are the ones actually pushing it.
The wheels are already in motion, with everyone trying to port their favorite language or VM into WebAssembly.
For example, today it is Qt WebGL Streaming, tomorrow it might just run directly from WebAssembly.
http://blog.qt.io/blog/2017/07/07/qt-webgl-streaming-merged/
It will be up to those frameworks to provide usability support, like WPF does for Windows.