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I think you are correct.
The media is not going to reveal just how many Democrats are fed up with how extreme (read: Marxist) their party has become.
And the truth is, we don't know what effect RFK, Jr will have on the Democrat Party and independent voters.

I had thought that the massive cheating in the 2020 Big Steal would be the end of the Dem Party because massive cheating is the only way they can "win" elections. I was expecting the courts or legislatures to have done more at the time. However, Dems and Dem leaning independents are catching on to how corrupt the Dems are, and how rigged the process is. They cheated Bernie and the Bernie Bros twice. There was no enthusiasm for Biden among "progressive" Dems in 2020 since he was and is a corporatist, Uniparty politician. The actual votes Biden got were overwhelmingly people voting against Trump. They weren't voting for Biden.

With RFK, Jr. on the ballot, these people now have the option of voting for him, and his vision for what a progressive party should be. If he can get on the ballot in enough states, and get enough traction in the polls, he will get a lot of votes from dissatisfied Dems and Dem leaning independents. People who understand that life was better under Trump, but still won't vote for him, will have no problem voting for RFK, Jr.

The big question is will those votes be recorded accurately by the Dems running the elections? If we understand that the 2020 Election was stolen not only in the big cities, but by shaving the margin of victory of Trump and other Republicans in Red districts, then RFK, Jr.'s candidacy offers both hope and concern. In a close three way race, the number of votes needed to win decreases. So, votes could be stolen from Trump and given to RFK, Jr. to enable the Dems to win again in places that engage in cheating. This is especially a problem where vote counting has been centralized statewide. However, in other places which are not corrupted, RFK, Jr. will take votes from Biden and the Dems. This will require Dems stealing more votes in other places. Considering how illegitimate the 2020 results were, the steal would become even more obvious, and harder to deny.