Yes I think this is a fairly accurate assessment.So it seems overall things are better at the end of september than they were at the start. Cases and deaths are rougly the same. Hospitalisatoins on the other hand are down by about 28%.
My sense, from reading what both more-inclined-to-restriction AND less-inclined-to-restriction (very loosely classifying people into two opposing camps when I know most are more in-between!) experts have been saying, is that there's a little bewilderment at the picture in England and Wales in particlar at the moment - cases (and hospitalizaitons/detah) remain relatively high compared to other countries with similar vaccination rates, but have been osciliating since early August, even though that osciliation is creeping up marginally (higher peaks, lower troughs) due to seasonality.
But the received wisdom is that we should be expecting one or two more 'waves' of infeciton before we reach this sort of endemicity (the height of the waves essentially being determined by vaccination rates and behaviour). So the question is whether we reached endemicity earlier than anticipated, or if something else is going on (eg different peaks and troughs passing through different age groups or regions which, on a national-scale, looks like oscilation?).

You did say that 'non-Covid absences were up' though - is there a suggestion of why that is?