An interesting take. You can see the huge gap between infection rates and deaths yourself by just googling "South Africa Coronavirus" and switching between the infection/death plots.
That being said, there is definitely a lag between infection/death (which I think media outlets are being cautious in making such a dramatic take yet, for instance see this CNBC article: https://www.cnbc.com/2021/12/09/south-africa-omicron-crisis-...), so we'll see if this holds up.
As sam-2727 says, this would be the dream scenario - the Unicorn that will lead us back to normal. My hope is that Covid would become cold/flu like and anything suggesting this is VERY good news. Particularly if it remains responsive to vaccines, letting them be a backup re: hospitalization.
That being said, there is definitely a lag between infection/death (which I think media outlets are being cautious in making such a dramatic take yet, for instance see this CNBC article: https://www.cnbc.com/2021/12/09/south-africa-omicron-crisis-...), so we'll see if this holds up.