It can answer basic questions ("what is the capital of France"), write terrible poetry ("write a poem about a pelican and a walrus who are friends"), perform basic summarization and even generate code that might work 50% of the time.

For a 1.2GB file that runs on my laptop those are all impressive to me.

Could it be used for actual useful work? I can't answer that yet because I haven't tried. The problem there is that I use GPT-4o and Claude 3.5 Sonnet dozens of times a day already, and downgrading to a lesser model is hard to justify for anything other than curiosity.