You could probably already make something compelling like a small myst-style game that uses largely static assets with existing tools, taking advantage of being able to render real world environments with high fidelity.
However for more typical games there's still a long way to go. Most of the research focus has been towards applications where existing mesh-based approaches fall short (eg. photogrammetry), but this isn't really the case for modern game development. The existing rendering approaches and hardware have largely been built FOR games and leveraged elsewhere.
Rebuilding the rendering stack around an entirely new technology is a tall order that will take a long time to pay off. That being said, the technology is promising in a number of ways. You even have games like Dreams (2020), which was built using custom splat rendering to great effect (https://www.youtube.com/watch?v=u9KNtnCZDMI).
However for more typical games there's still a long way to go. Most of the research focus has been towards applications where existing mesh-based approaches fall short (eg. photogrammetry), but this isn't really the case for modern game development. The existing rendering approaches and hardware have largely been built FOR games and leveraged elsewhere.
Rebuilding the rendering stack around an entirely new technology is a tall order that will take a long time to pay off. That being said, the technology is promising in a number of ways. You even have games like Dreams (2020), which was built using custom splat rendering to great effect (https://www.youtube.com/watch?v=u9KNtnCZDMI).