They're slow and so unsuitable for dev work. They might be somewhat better for prod, but it depends on a wide selection of unproven hypervisors.
Which "unproven" hypervisors are those? Kata works with Firecracker.
I think they mean in regards to cross kernel attacks. vms didn't protect across speculative execution attacks.
I believe there are even more course grained timing attacks with dma and memory that are waiting to be abused.
I'm sure you're well aware, but for the readers, they are isolated with a CPU's VT instructions which are built to isolate VMS. I still think "containers don't contain" in a very Dan Walsh boston accent, but this seems like a respectable start.
https://katacontainers.io