> Etherium 2.0 has been supposedly just around the corner for years and it never really arrives.

They've been pretty public that it's years away for a while now. Nobody has ever said it's just around the corner until recently when it was given priority over the merge and is now estimated to be completed Q1 2022 (or Q4 2021 in the unlikely best-case scenario).

> Proof of Work on the other hand doesn't have this issue. The creator has the same ability to mine coins as anyone else does

Unless they ninja mine (pre-mine) like Satoshi did....