Yes! This is my expectation. Lots of the big companies have already done this with in-house architecture. With Regatta, we want to democratize building stateless applications that can take advantage of the low-cost storage of S3.
This is super dependent on the application, and not something that I could answer without being an expert in SQLite. If SQLite only allows a single reader or writer, then yes. This could still be a good choice for applications which elect a “leader” to serve the database, though.
One of my hopes for Regatta is that we're able to power the next generation of these data platforms. These things work because the designers had specialized storage knowledge that allowed them to carefully build serverless data products. I hope that Regatta is generic enough to allow anyone to build a serverless data product moving forward, without having to think about their storage infrastructure.
Edit: an production-ready (high durability) ACID SQL storage