I would argue that the reason "remote wins" is that to get the full benefit of working in person you really need 100% of your team to work in the same building on the same hours. As soon as one person goes remote, the in-person experience is significantly degraded for everyone else.
Thus, as soon as company allows "hybrid", the people who prefer remote go remote and the in-person experience quickly degrades. This starts a spiral where people on the margin -- who still prefer 100% in person! -- decide it's no-longer worth coming in, which in turn degrades the experience further and pushes more people to give up on the office, until there are very few people left coming in.
It doesn't take very many people to set off this spiral: in my anecdotal experience, once a team goes 10-20% remote, the office is pretty useless.
So what I see is there's a "tyranny of the minority" effect. I think the long-term response is going to be more sorting of companies into all-remote or all in-person, with fewer companies in the "hybrid" space that's so common today.