A Recent Critique of PRS

This preprint (updated) does some mathematical modeling and shows that PRS, even with h2 = 1, is not as useful as previously thought.  I'll spare you the math (which I'm still trying to wrap my head around) and leave you with their conclusion:

"In summary, our investigation clears up some misconceptions on PRS and demonstrates that PRS is not as useful as its name suggests, and as powerful as the genetics community expects neither for predicting polygenic traits. We hope this research will serve as a wake up call to the genetics community in appreciating more about the challenges in studying complex polygenic traits. As such, more resources and efforts can be devoted in performing better experiments and developing better statistical methods."