Hi Mats,
To certain degree, the solution for management is already here, as per Manage recipients in Exchange Server 2019 Hybrid environments | Microsoft Learn - which is what we have for now that enables you to use PowerShell to manage your recipients without a running Exchange Server on-premises. Note those that this does not account for SMTP relay; if you need SMTP, our recommendation is to keep Exchange Server running on premises.
Whether your organization stays on premises or not is up to your organization and business needs. I think it is no secret that Microsoft has as a general rule stated unambiguously that Exchange Online is where most investment and innovation is (as far as email goes). We are committed to providing the on-premises solution to customers who choose to stay on premises, though, hence the release of Exchange SE.