But modern signal-based frameworks tend to work on the basis that doing these of rendering for each change is unnecessary, and so you should only update the relevant part of the DOM. This means rendering as seldom as often, in particular when handling conditionals and lists. This is why both SolidJS and Vue Vapor both have helpers for rendering lists and conditional elements, because if you just use `.map` and the ternary operator, things aren't going to work as you'd expect. Svelte has its own syntax but in principle works very similarly.
This proposal feels like it's very oriented around the React/Lit VDOM mechanism, with a handful of Preact-like concessions to signals where they are relatively easy to retrofit into a VDOM-like system. The problem is that these sorts of frameworks are heavyweight, slow, cumbersome things, because they're doing so much extra work. Codifying that sort of inefficiency directly into the browser seems like a terrible idea.
My second biggest criticism of this proposal is that I'm really struggling to see the benefit of it, i.e. who it's for. It can't be for framework compatibility, because it's not addressing any of the issues that actually make frameworks incompatible with each other (different state/context mechanisms, different lifecycles, etc). It can't be to codify common rendering idioms and optimise them by letting the browser implement them natively, because, as discussed, the proposal doesn't leave a lot of room for well-optimised frameworks. So I guess the idea is to ensure that the browser has a built-in web framework to make it easier for people to build complex web applications without needing to import lots of dependencies.
But if you're building a complex web application, the sort that needs specialised rendering like this, the overhead of a web framework is probably pretty minimal anyway. And if you're building simpler sites with minor interactivity, this sort of rendering system is complete overkill. You'd be better if writing a wrapper around document.createElement and going from there.