Idea:
When I select a button using tab/arrow key navigation that should count towards the "Is Element Hovered" requirement.

But the element isn't hovered then. It's "focused" 😅

Will make this a separate requirement. #1325
This is better, because then you know if the widget is actually getting hovered with the mouse or selected with keys, so you can make tooltips adapt to the current menu navigation method, etc.