If you're launching a wallet, should it be an EOA or Smart Wallet (4337)? 

EOAs become upgradeable with 7702 later this year, so you get the benefits of 4337 wallets and can upgrade to better standards over time. 

So it comes down to: upgradeable smart wallets (EOA + 7702 + 4337*) or pure smart wallets (4337 only) ?

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

Overall a very fair comparison. 

I would say that for completely new users that don't have a preexisting EOA, there is no good reason to go down the 7702+4337 path.

With 7702+4337 (as opposed to pure 4337) the huge benefit of friendlier and more forgiving key management schemes (biometrics, self-custodial account recovery, rotatable keys, no seed phrases needed, etc.), comes with the large security risk you mentioned, but offers no benefits (i.e. a history for airdrops) as they are completely new users.

And TBH, I don't think it's possible to resolve that inherent issue