It will not happen "soon", if that is under 6 months for you. It will probably happen in 2023. The problem is that we have seen plenty of projects that promised faster and cheaper transactions and what happened with them? They all got into trouble. SOL tried and failed, Matic tried and failed, many others tried and ended up failing even at a fraction of what ETH is pulling right now.
Not at all times, but just had those problems. Why? Because it can't be done that "easily" as they claim to be. It is not just "hey bigger blocks and more blocks and faster too!! and end up being faster and cheaper while keeping the security. This is why it takes time for ETH to build ETH 2.0 and drop the fee costs.
It must happen soon, otherwise Ethereum will continue to lose users until it's left behind in the dust. People are sick and tired of developers delaying the upgrade for practically no reason at all. I understand security/decentralization must be prioritized, but I think 3-4 years of wait is more than enough to bring something new and fresh to the platform. The constant network delays caused new projects with ETH's same features to emerge. Competing chains are now faster and cheaper to use for "De-Fi", making ETH a thing of the past (even though these chains are less reliable than ETH). People want convenience these days so they'll use the platform that better suits their needs.
As much as I'd want the PoS upgrade to happen on ETH, I don't think there will be a considerable reduction in gas fees within the short term. We're still going to have to wait until further scalability upgrades are implemented to experience a relief in our "pockets". At least, there are Layer-Two scaling solutions on the ETH blockchain. Not many projects support these solutions yet, but they will once gas costs become too high to bear. Who knows what the rest of the year holds for the world's second-largest cryptocurrency by market cap? Just my opinion
