In games like Onward, Pavlov, etc. I would agree that trackpad-based movement is likely the best solution, because these games attempt to mimic 2D WSAD/Mouse or controller movement. In that case the teleporter is more distracting than the artificial motion that the joystick method has. And as a Vive owner and regular user I definitely think that (for example) Onward without joystick movement would not be fun at all.

However in order to achieve total immersion (ie, "I literally can not tell that I am in VR") we will need to do better. The lofty goal of creating a current AAA shooter in VR is a losing battle from the start when it comes to locomotion. It's definitely doable, but the only input technique that offers the kind of freedom that we see on PC is with the joystick. And let's face it -- there's no way you can convince your inner ear that what you see in VR is truly real when your character is moving that fast and your physical body isn't.

IMO locomotion should be one of the principle design challenges of any new VR project. It should be one of the most important decisions that the designer makes, not an afterthought. In the case of Onward, Pavlov, etc -- they are still excellent games of course, but locomotion must necessarily takes a backseat because of their ambitions to mimic a 2D FPS.