Well, Spectre is a largely-theoretical class of vulnerabilities, that doesn't even apply to chips that don't do speculation in hardware, and that is purely about information disclosure via side-channel mechanisms. It might be a bit of a concern for some users, but it's not the end of the world - for instance, the designers of the Mill architecture have a whole talk discussing how Spectre as such doesn't really apply given the architectural choices they make. And if running stuff in different address spaces is enough to mitigate it effectively, that still provides quite a bit of efficiency compared to an entirely conventional OS.
> doesn't even apply to chips that don't do speculation in hardware
This is an interesting way to put it. I would have said "applies to pretty much every CPU manufactured in the last decades." Your statement would make sense if speculation in hardware was some niche thing, but I think you would be hard-pressed to find an invulnerable CPU that is used in situations where people care about both performance and security.
That's great for the mill, but isn't relevant to the world outside of mill computing.