I disagree that the virus is not as bad as first thought. We have literally invested trillions to stop the spread. We cannot look at the (relative) success of essentially quarantining most of the country and conclude that the virus was not as bad as thought. To the extent things aren't as bad as originally projected, it is because those actions are modestly working, and at a tremendous cost.
But perhaps you were taking that into account. I don't know. In any event, I have not seen anything that has improved my outlook of this thing. The infection rate (even with a shutdown) is crazy, the mortality news never seems to get better, and this is costing all of us a fortune.