It depends what you mean by "new subsystem" and "transitioning to": what seems like a given is that the notion of "one size fits all" of LLVM IR is behind us and the need to multi-level IR is embraced. LLVM IR is evolving to accommodate this better, within reason (that is: it stay organized around a pretty well defined core instruction set and type system), and MLIR is just the fully extensible framework beyond this. It is to be seen if anyone would have the appetite to port LLVM IR (and the LLVM framework) to be a dialect, I think there are challenges for this.