Meh, just because researchers "can" recycle them, doesn't necessarily mean that society "will" recycle them.
There's already plenty of materials that seem like they'd be easier to recycle, yet aren't.
Water dissolving PCBs though, depends on the specifics. Some of us live in high humidity areas and they are bound to be hygroscopic enough to swell and ruin the circuits.
Plus, as someone who recycles things for repair and reuse, it is not unusual for me to wash PCBs in water, and during manufacture, many are exposed to water to rinse off the water soluble flux to begin with.
At a minimum they would need a very durable and heat resistant waterproof coating that is dissolved off with a solvent.
Why not used PCB lawn chairs?
Yes, downcycling might make sense but there is still the question of whether it is cheaper to extract the fibers vs buying new. Fiberglass isn't expensive.