Developments on GPON are WDM PON which uses seperate wavelengths as you mention but the kit is not (yet) common and a lot more expensive at present.
The splitters would then split a seperate wavelength to each premise giving vastly higher potential speeds.
P2P systems are easy to do in small / sparse developments. But imagine the dense areas when you would need 1000s of fibres the fibre management becomes interesting! ( Look at Oldham with 61k premises on samknows!) This is why MDUs often use Metallic tails to the individual units and fibre to the Basement (or sub node) this can reduce the difficulty in the 'exchange' by a factor of 2-400!.



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