Are we settling into a pattern of less spread and severity?
		
		
	 
I actually think we're in a pattern of much 
more spread (akin to ordinary cold-causing viruses) but far 
less severity from a top-of-the-mountain perspective.
At the individual level, it can - of course - be very different. The percentages given are spitballs, but: I'd say that 
right now, something like 95% of the U.S. can contract COVID "safely". "Safely" meaning nearly all that 95% will skate through and that at 
very worst (maybe 1 in 500-5,000 cases, age-dependent) they'll be sick as eff for a spell, but they'll make it out the other side and not have lingering symptoms for more than a few weeks. That 95% includes more old people than one might think -- I'd bet 
at this point at least 75% of even 80+ year-olds skate through their COVID cases.
I believe that right now ... there are A LOT of people walking around with "silent" -- but "safe" -- COVID ("safe" in that without having severe 'expressive' symptoms that get a lot of viral load into the air, they're not going to be major spreaders to non-intimates in public). Almost all other respiratory viruses are the same way -- at virtually all times there are loads of no-symptom influenza carriers out in public. Rhinovirus carriers, enteroviruses, legacy coronaviruses, etc. Been that way for millennia and it's hard to imagine that COVID is not heading in the same direction.
But again ... at the individual level, it can be very different. Just like there are many terrible flu stories about the very worst of 1-in-500,000 outcomes ... there will be terrible COVID stories for generations to come. And yes, the data still shows that, right now, the worst outcomes of COVID present more frequently than those of influenza (spitballing maybe 10-20 times as often?). But COVID is nevertheless gradually dropping back to "the pack" with the other respiratory illnesses. COVID is not going to remain (and probably isn't now) this society-wrecking public-health sledgehammer that keeps taking swings at humanity over and over and over.