Man I really hope so, as, as much as I like Claude Code, I hate the company paying for it and tracking your usage, bullshit management control, etc. I feel like I'm training my replacement. Things feel like they are tightening vs more power and freedom.
On device I would gladly pay for good hardware - it's my machine and I'm using as I see fit like an IDE.
When local LLMs get good enough for you to use delightfully, cloud LLMs will have gotten so much smarter that you'll still use it for stuff that needs more intelligence.