With passwords? No.
With 2FA? Yes. 2FA is almost just as stupid and almost just as bad for regular users as passkeys are, but it got adopted due to historical loophole - by far the most popular form was TOTP delivered via SMS, then "authenticator" apps, both of which keep the code transferable - you can receive it on one device, transfer to yourself or someone else (which is a feature, not a bug) via any channel, and get it to work. Passkeys were created specifically to close that loophole.
Plus, SMS didn't allow for vendor lock-in, which is arguably why they're so hated in security circles (SIM-jacking is real, but doesn't scale anywhere near enough to warrant deprecating it as mechanism for regular users).
I have over 2,000 accounts. The majority of them have unique passwords. I can count the services that have passwords that I know on one hand, with quite a few spare fingers.
Passwords just don't provide a broad recoverability benefit once you commit to doing strong, unique passwords.
> Passkeys were created specifically to close that loophole.
Credential sharing? I have a family share with passwords and passkeys in it. Passkeys most certainly didn't stop this.
They did add friction to having a user being duped to share their password to someone claiming to be tech support, since you can no longer request plaintext secrets be sent over arbitrary channels.
> Plus, SMS didn't allow for vendor lock-in, which is arguably why they're so hated in security circles (SIM-jacking is real, but doesn't scale anywhere near enough to warrant deprecating it as mechanism for regular users).
SMS is an ugly user experience and more importantly is expensive. Now a lot of services do emailed codes when they don't have a regulatory reason to require SMS - an even worse user experience, but less expensive.
We have authenticator apps which use a standard OATH setup, and quite a few platforms which have integrated support to try to sand over the worst part of the UX. Unfortunately they just didn't become popular, and OATH fails the same regulatory requirements that emailed codes fail.
Passkeys are not meant to have a vendor lock-in story. Credential exchange allows for credentials stored in consumer credential managers to be imported into another credential managers. The platforms have added infrastructure specifically to make this easier for users.
The exceptions are when enterprises run their own passkey stores, or when the user explicitly picks a solution that doesn't allow export (like a physical Yubikey).
"SMS is an ugly user experience"
No, it's fine. Most common example, I log in to my bank, they send an SMS, I copy the code and paste it into the web site. Works fine and I don't have to pick up my stupid phone, like I would if I used an authenticator app instead.
"and more importantly is expensive."
Not for me. The bank made several billion dollars last quarter, don't think it's a big problem for them, either.