Data breaches happen literally every day.
> in practice “the attacker is able to deploy arbitrary code on your behalf for an extended period of time without being detected ” is a much narrower attack surface than “the attacker is able to obtain read-only access to your DB or your backups for at least a few minutes”. In the former case, the encryption being broken is also the least of your concern, as you've basically given remote access to all of your user's devices at this point…
Data breach occur every day, rootkits being covertly deployed in production apps for a substantial period are much rarer. E2ee only protects against the former, like a safety belt only prevent you from frontal shocks. Nobody would say they are snake oil because of that.