Yes, wsl2 afaict works like that and a bit improved. Instead of dual booting or a restricted dev env, I click my Linux terminal icon and jump into a full & fast Ubuntu, including UIs when helpful. Sharing with Windows is possible through a shared mount of C:, but I rarely encounter it, basically only for a web downloads folder or working around certs. Same thing for VS Code, have a Windows mode and a wsl2 mode, and it opens the right one for you.

Almost all our dev is generic, so that means Windows for Office/web/... and full Linux for dev (except no real OpenCL).