@Anonymous is absolutely correct here - the ticking timebomb that was/is the Extenuating Circumstances policy has detonated, spectacularly, and there's no going back now. The damage has already been done - calendars have been cleared for weeks/months to come, legions of guests have been refunded 100%, countless thousands of hosts have been left with zero income for the foreseeable future, Airbnb is blocking bookings of entire homes in many markets and funnelling the guests towards Airbnb-affiliated hotels instead, and there's little to no chance of things getting better in the near - or not-so-near - future.
The promised "bold move to support hosts", as Andrew pointed out, has so far amounted to nothing more than Brian Chesky sending a letter to Congress appealing for a bailout for hosts at taxpayers' expense - to ease hardships created entirely by Airbnb itself - an unfathomable and rather ill-advised move, likely to do the company's brand image, reputation, credibility and future prospects infinitely more harm than good.
There's far too much crazy stuff going on behind the scenes in the Airbnb "ecosphere" right now (much of it against the terms of their own new policies) to get into here, but all the indications are that there'll be no relief for hosts anytime soon. (Encouraged by Airbnb, for example, guests are already seeking - and demanding, in many instances- 100% refunds for cancellations stretching as far into the future as September and October, and some hosts are reporting being penalised for cancelling bookings within the parameters of the recent updated terms) The whole system is one unholy mess right now, and getting worse by the day.
I realise this is not what anyone wants to hear, but it's utterly pointless waiting in hope for Airbnb to make good on this - it's not going to happen and besides, they have far bigger fish to fry at the moment than trying to put things right for small hosts. Everyone needs to list on every other site out there and find alternative ways of monetising their space - asap - because all the indications are, that things are going to get much worse on this platform, before (if ever) they get better.
I'm sorry there's no better news to share, but this is the reality. By all means, keep listing on Airbnb's platform and hope for the best, but the sooner hosts start making alternative/supplementary arrangements, the better their chances of recovery and/or survival.