Hi Joe. You may get a more realistic answer if you contact support at fair phone dotcom, after all this is just a user forum. Fairphone occasionally may look at some new topics but I you may a long wait on that front.
Do you have an official reference where FP states its commitment to stick with WPA3? Iam afraid we might experience it being dropped again if reports on WiFi problems raise. Reading the earlier would really increase trust in availability of this feature from my side.
If this will be the case, I won’t update it anymore, simple as that (I have a spare device to test the update first). For me WPA3 is more important than an up-to-date OS, even if there may be security concerns.
It’s obviously not a hardware limitation and can work on Android 11 as long as not crippled again by Fairphone due to some users which are not able to use WPA2 if they get problems using WPA3. So let’s hope for the best and may be Fairphone does the right thing for once by not changing this and let the Stock Android alone