After mulling over it for close to 14 years, it seems Microsoft is finally ready to kill off the Windows Control Panel soon. An official confirmation has been posted on its website.
I should have added this in my original comment, but the top 3 feature requests on the crappy insider hub were dark mode, aero/glass effect, and getting rid of redundant or poorly made UWPs (Settings, video player, pictures, etc).
In typical Microsoft fashion, they took 5 years to make functioning dark mode, told us aero/glass is impossible because of battery drain before adding it to only the edge browser, and promised "Settings" app would have all the stuff migrated from control panel "soon".
It's been 9 years and they still haven't migrated everything because turns out the control panel actually runs like a normal application that's easy to use.
They pulled the same stunts with Windows 11, which I still have left on a spare laptop on the insider release channel, and that's when I noped out after they basically ignored almost all of the top requests with really stupid reasoning.