I can't tell if you think the tech sucks, if you think despite all the presentations and demos there somehow is no tech, if you disagree with something about the practicality... what is your actual argument?
(not to imply I agree)
Security in architecture is the history of a race to the bottom, driven by newbie customers not knowing there was such a thing and the economics of chip-making. We may hope that there are fewer newbies now. That leaves economics. To a large extent the Mill has been an effort to make old ideas economically viable to today's customers.