I have to agree with your overall take (only caveat being that I know too little about hardware to know if it's well-founded).

The incentives are such that if it's possible to make hardware that's cryptographically locked into being aligned against the interests of its supposed owner, that's exactly what will be, which is why we now have two fully-closed systems (Google Play Services and iOS), one 99%-closed one (macOS -- Apple controlling the 'notarization' signing and showing their willingness to use it for petty reasons proves macOS is closed), and one clearly marching toward the same basic idea (Windows).

What's more depressing is, even if suddenly every court agreed with me, we'd just transition overnight into a leasing paradigm, where vendors would cease to sell devices, only rent them to us. "As the device owner, should we not have the right to govern its use to only responsible purposes and protect it from 'mAlWaRe'?" And the devices would be quickly 'accepted' by the market, as "unmanaged" devices would be locked out of everything, just like you can't use banking apps, streaming apps, or even the McDonald's app, on a rooted/jailbroken phone today.