I don’t think this is a spicy take at all. A PM’s job is to prioritise, and the most important/high priority projects will naturally be handled by Engineers enabled with AI-coding workflows. The high priority/impact work should be allocated to the folks with the highest level of skill.

I feel like PMs coding unlocks a whole new category of work, mainly addressing the long tail of cool ideas/small optimisations that ordinarily would not be addressed. Time will tell how valuable these items are in the long term.

And I say this as a PM.