However I have to disagree on your opinion on the hardware. RISC-V was specifically designed to be able to do low end very well. The whole encoding for example is optimized to a tiny amount of space. The overall instruction set again is designed to use minimum amount of space as well.
There is a whole project about 'ultra low power processors' at ETH Zürich [1]. They have specifically selected RISC-V because it fit their needs so well and they produce cores that beat available ARM and MIPS cores specially on energy. IBM selected a RISC-V core for their project in 'Next-Generation Edge Computing' [2].
So it seems to me that small and simple really does pay of when going to very tiny cores.
[1] https://www.pulp-platform.org/
[2] https://content.riscv.org/wp-content/uploads/2018/05/16.10-1...
All I mean to say is: as academic designers of a license-free ISA in the 2010s, to whatever extent they’re incentivized at all, they’re incentivized towards designing a “simple” and “elegant” ISA regardless of the concrete impact on performance or die space in a way that the MIPS, SPARC, and ARM teams in the early 80s - designing for commercial production and profitability using the processes of the time and their limited resources - weren’t.
That’s not necessarily a criticism - but the consequences of their decisions on performance and adoption are harder to say. You’re claiming otherwise, but without further evidence and based on my personal understanding of architecture and microarchitecture design I believe that ceteris paribus a low-end RISC-V implementation is likely to perform worse and use more silicon than the corresponding MIPS, ARM, or SPARC implementations. A high-end speculative, out-of-order, modern process, etc RISC-V implementation would likely be able to outperform a similar one for those architectures with less silicon. The question for me is whether we get to the point where the market builds one, and whether those potential performance improvements would (alone or in tandem with RISC-V’s other benefits) justify adoption.