Why hasn't it gone away already? ChatGPT at least has been around for over 3 years.
Because the models only got good enough to be trusted in the past few months and the developer tooling and agent abstractions are still rounding off the sharp corners to make it easy to use.ChatGPT didn't have your whole codebase in context, the ability to automatically pull and push information to JIRA to plan code changes, and the ability to break your problems down into manageable pieces and sub-divide them among a fleet of sub-agents.
Developers didn't yet have the "Ask -> Plan -> Implement -> Review" workflow that results in the best agent-written code.
Now the tools and developers do and it works incredibly well.
>Because the models only got good enough to be trusted in the past few months
They have got noticably worse over the past few months! It looks like we are going in the direction I've been predicting for a while - the cost of AI will increase until it's similar in cost/benefit to hiring a recent graduate, who can also do all of those things you mention (and will get better at it).