My view is that 100,000 cases doesn't really matter so much if 98% of them are mild. It's not the cases that matter it is the hospitalisations and the deaths. (& long covid).
One of the problems is now almost with the daily reporting. We don't get daily reports of deaths due to cancer, or heart disease. Nor do we normally get daily reporting of say flu cases.
It means 'we' (the public) are at risk of losing perspective over the level of risk. I haven't seen an 'excess deaths' chart for a while, for example.