Note that this advantage obviously goes away the moment you call into native code. Then the JVM is in the same position as the kernel. It doesn't control the compiler or the stack any more, and so that's why a virtual thread becomes "pinned" at that point and you lose the efficiency (the JVM needs to acquire more kernel threads). Fortunately though the JVM ecosystem doesn't rely on native code all that much, so it should be rare in practice.
This advantage can be brought to other non-Java languages too via Truffle. Truffle languages are reimplemented on top of Java and when programs call into native code they have the option of calling into JIT compiled LLVM bitcode instead of real native code (or indeed any JVM bytecode library). In that situation the JVM remains in control and so things should in theory still be Loom-able. Not sure if that's currently true in practice, but it could be.