I'd say that's a more recent development though because of how long it took for DisplayPort 2 products to make it to market. On both my RTX 4000 series GPU, and gaming 1440p240hz OLED monitor, HDMI 2.1 (~42 Gigabit) is the higher bandwidth port over its DisplayPort 1.4 (~26 Gigabit). So I use the HDMI ports. 26 Gigabit isn't enough for 1440p240z at 10-bit HDR colour. You can do it with DSC, but that comes with its own issues.
HDMI is still valuable for those of us who use KVMs. Cheap Display port KVMs don't have EDID emulation and expensive Display Port KVMs just don't work (in my experience).
I have a Level1Techs hdmi KVM and it's awesome, and I'd totally buy a display port one once it has built in EDID cloners, but even at their super premium price point, it's just not something they're willing to do yet.
I have Linux (AMD RDNA2), Windows (NVIDIA Ada), and Mac (M3) systems hooked up to my L1T DP1.4 KVM[1] without any other gadgets and they all work fine. What problem(s) are you trying to solve/did you solve with the EDID cloner?
Without the EDID cloner, when you switch the KVM away from the system, it receives a monitor disconnect event. When you switch it back, it receives a monitor connect event. There are OS settings that help make it so that the windows end up back where they started, but not all programs support this well. With a EDID cloner in place, the computer never detects that the monitor shifted at all and so nothing gets repositioned and apps just carry on.
I have one and it still sucks. I ordered it after the one I bought on Amazon kind of sucked thinking the L1T would be better and it was worse than the Amazon one.
Converting from DisplayPort to HDMI is trivial with a cheap adapter if necessary.
HDMI is mostly used on TVs and older monitors now.