Spot on. The 'sky is falling' reaction to yet another variant seems bizarre.
Dr. Angelique Coetzee, who chairs the South African Medical Association, and who first reported the new variant, said one of its strange characteristics is that it's "so mild." So why take the whole world to panic stations? This is simply another step along COVID-19's path to being endemic, and was entirely predictable.
It's very likely that the omicron variant will mark the point where most people finally realize that artificially-induced economic catastrophes aren't the appropriate cure for every mutation of the virus.