It definitely is improving, and it's fantastic to see the progress. I really enjoy SVG assets, and I'd love to see them mostly take over (obviously they'll never be 100%, nor should they).
But that still means it's years away from widespread support, because large companies can't rely on it for large user-bases, and feature-sets are still pretty widely varying in my experience. Some support animations, some complex gradients and masking, and huge variance in text rendering (which is absolutely essential to finely crafted images) cripples some of the most-valuable use-cases (internationalized images without making dozens or hundreds of near-duplicates).
It's just not there yet. I hope it gets there, but there are significant hurdles that don't seem to be getting a lot of attention.
But that still means it's years away from widespread support, because large companies can't rely on it for large user-bases, and feature-sets are still pretty widely varying in my experience. Some support animations, some complex gradients and masking, and huge variance in text rendering (which is absolutely essential to finely crafted images) cripples some of the most-valuable use-cases (internationalized images without making dozens or hundreds of near-duplicates).
It's just not there yet. I hope it gets there, but there are significant hurdles that don't seem to be getting a lot of attention.