Looks like we are going to get the best possible outcome with omicron ie bad but not catastrophic.
Seems like the combination of prior immunity and intrinsically less severe illness is reducing hospitalisation by ~70% (still with large uncertainty) and now starting to get quantification of shorter hospital stays and less need for intrusive treatment too.
On top of this, it's also looking likely now that omicron is going to give good protection vs delta infection, which wasn't a given either, and is extremely good news if it pans out.
We'll see now how bad it's going to get; it seems very likely admissions will peak below last Jan and totals lower again.
Hard to know when the cases peak will be as testing capacity looks to be limiting case numbers, but London maybe about now, rest of the country in the next couple of weeks? Hospital peaks perhaps mid-late Jan??
We've been very, very lucky; there's no intrinsic reason this variant should have been less severe. It's pure chance.