You can take precautions to avoid the oxidation. This is already done reliably on airplanes and in overhead power distribution, where aluminum wire is the standard.
For service connections and large scale power distribution where trained professionals are already required and lack of maintenance is already a fire hazard, it isn't a problem.
For small branch circuits where work is often done by random Joe's and where any sort of preventative maintenance is few and far between, it is a failed experiment.
Either way, home and commercial construction is likely to crater (already starting in many areas) due to cost of $$ going up, so that should help tamp down demand quite a bit.