But do you update the kernel without rebooting? Previously transactional-update can update the kernel and call dracut to make a new boot image. I suppose this still needs a reboot?
No reboots for non-kernel updates would still be a win imho. Because these are rolling releases not point releases, and updates snapshots are pulled daily by default (and therefore daily reboots are/were recommended), so its likely only a small subset of snapshots have a kernel update.