I've seen the argument that passkeys solve a lot of problems with passwords, but I havent heard a good explanation on how you set up on a new device? At some point you need some way to authenticate that is not a passkey and so you end up back to square one passwords/MFA.
So now we've created a whole additional layer of security while not solving the initial problem. Not to mention how do you access an account if you lose your phone/don't have it on you if it's only accessible via passkey.