Glad to see there's a vocal minority who disagree with the way React Hooks are implemented. I raised my objections when it was announced (even got super kind feedback from Dan Abramov himself) - but it was too late, they "jumped the shark", as you put it. I looked up the meaning of the phrase, not sure it's totally suitable for this situation - but I feel that React crossed a threshold with its release.
I started considering alternative view libraries from that point, and continued to resist against using Hooks in my own React-based projects. The thing is, I love how React transformed web development, it's got huge mind share in the community, and there's nothing better out there yet. I just wish it had stayed small and simple, kept other concerns out of it and focused on doing its one thing only.