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"cheating" meaning doing the exact same thing a regional telecom monopoly has been doing since AT&T was incorporated in the early 1900's. On the other-hand 5G can't "compete" with traditional broadband and had to lobby the FCC to be considered broadband at all. In all likelihood wireless internet will never be a viable alternative to fiber/copper infrastructure if you look at latency, over-subscription, and the effect that density has on service in addition to theoretical speeds.
will it be "good enough" for most people, sure. But most people were perfectly ok with dial-up internet until streaming video became the norm too. It doesn't mean that dial-up should have existed as long as it did.
In conclusion, internet service should be a utility with highly regulated SLAs and minimum service agreements. Or just skip the liberal bullshit and nationalize the telcos.