dillon1000/react

Revert "Fix:- Improve HOC support and state preservation in React Refresh" (#32214)

Reverts facebook/react#30660

I don’t feel confident in the approach. This part of code is supposed to
rely on the module bundler behaving as expected. _Maybe_ this is correct
but I need to review it closer — it was intentionally _not_ implemented
this way originally.

I’ll try to take a closer look some time this week. We don’t have to
merge this revert right now but just flagging that I don’t understand
the thinking behind the new approach and don’t have confidence in it.