Very reasonable if you have the resources to run it locally and certainly the best option.
But we created Tinfoil because not everyone has that capability especially when it comes to larger models, and it still doesn’t solve for the situation where you’re building a service for your end user and you want to lock yourself out of accessing their data. In those cases, this is the second best thing you can do.
It would still ultimately exfiltrate the data outside of my control, and frankly i don't trust any "secure enclave" tech.
As far as i'm concerned physical access is root access, and for any private stuff that is wholly unacceptable.