When will this fix happen?
So far i know there is no exact date but it's will launched end of this year (Maybe Around Q4), Developer was really active and you can track the progress here
https://blog.ethereum.org/category/research-and-development/I feel like the gas fee being exorbitant is a really bad thing for crypto as it hinders adoption because if you can't use it for small transactions then you will end up having to abandon it or having to find an alternative.
Yes it can hinders mass-adoption but There already tons of alternative like Polygon and BSC that we can use, we can't really use Ethereum chain right now since the was really high and better wait until Eth 2.0 Launched.