What is the state in 2021?
About a year and a half back, I got a new laptop and installed arch/gnome/wayland on it again, and was very pleasantly surprised.
At this point, my only remaining issue is that screen sharing is hit or miss. Pipewire has landed and most electron apps support screen sharing now (including slack, which didn't as recently as 2 months ago). But it's still not perfect. For example - I can share a full desktop screen in zoom or hangouts, but only an application window in slack.
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Outside of screen sharing? I'll never go back to X. My touchpad feels as good as the touchpad on my work macbook. I'm typing this while using two displays - one at 1080p and one at 4k, and scaling mostly "just works" between them. Applications that depend on x-wayland won't auto adjust when moved between screens, but native wayland apps do - and I'm using native wayland apps everywhere I can at this point (including a chromium-ozone build in AUR: https://chromium.googlesource.com/chromium/src/+/master/docs...)
I absolutely love that I can't remember the last time I saw a screen tear. I also haven't touched a HID or Display config file on this machine ever. No more xorg config file headaches.
Overall - if you're setting up a new machine with the intent to use a graphical desktop - I'd suggest starting with Wayland.
I think I tried stock fedora a year or two back to try Wayland but didn't like gnome 3, so didn't stick with it. Is there a distro with W and gnome2/mate support?