I agree with both you and the GP. Yes, coding is being totally revolutionized by AI, and we don't really know where the ceiling will be (though I'm skeptical we'll reach true AGI any time soon), but I believe there still an essential element of understanding how computer systems work that is required to leverage AI in a sustainable way.
There is some combination of curiosity of inner workings and precision of thought that has always been essential in becoming a successful engineer. In my very first CS 101 class I remember the professor alluding to two hurdles (pointers and recursion) which a significant portion of the class would not be able to surpass and they would change majors. Throughout the subsequent decades I saw this pattern again and again with junior engineers, bootcamp grads, etc. There are some people no matter how hard they work, they can't grok abstraction and unlock a general understanding of computing possibility.
With AI you don't need to know syntax anymore, but to write the write prompts to maintain a system and (crucially) the integrity of its data over time, you still need this understanding. I'm not sure how the AI-native generation of software engineers will develop this without writing code hands-on, but I am confident they will figure it out because I believe it to be an innate, often pedantic, thirst for understanding that some people have and some don't. This is the essential quality to succeed in software both in the past and in the future. Although vibe coding lowers the barrier to entry dramatically, there is a brick wall looming just beyond the toy app/prototype phase for anyone without a technical mindset.
I can see why people are skeptical devs can be 10x as productive.
But something I'd bet money on is that devs are 10x more productive at using these tools.