It depends on what you mean by "at the bottom".

If you mean at the bottom of the wasm, the the answer is, those won't be legacy APIs. The direction we're heading is to provide POSIX compatibility as an emulation layer on top of a cleaner foundation, rather than just doing POSIX at the base layer.

If you mean that all Wasm engines today are implemented on top of traditional operating system APIs, then yes, that is how things will often work, but that's ok. What really matters is how the virtual platform works. We don't have to expose things like "the filesystem namespace" directly to wasm, even if it's present in the host. And if we don't expose "the filesystem namespace", then we don't have the associated problems, even if the underlying host has them.