“On devices running Murena eOS the physical switch will enable & disable your camera and microphone access to easily safeguard your privacy when needed. We are working with the team at Murena to see if we can expand the options assigned to the switch as you see on your The Fairphone (Gen. 6) running Android.”
Yes, and for the launch of the phone they at least managed to let the software do something with the switch on /e/OS. More will most probably follow with time.