Does Zwave and Zigbee with Matter on the way at some point. HomeKit integration is in beta right now.
My fear is that Philips will do something stupid by pushing a firmware to the bulbs to lock folks into only using their hubs. Or maybe change colour reporting to some annoying method that won’t allow for accurate colour on a non-Hue hub.
The enshittification continues.
That said if you're up for fiddling, something like https://www.amazon.ca/Waveshare-VisionFive2-Processor-Integr... will provide much more oopmh (and it's RISC-V) with 4GB ram and m2 slot, at $100 CAD, with mainline kernel support (so any USB devices will just work). Grab a zigbee USB + SBC like that, and you'd be able to run much more on your hub that just a gateway for your devices.