The bump from 4.6 to 4.7 is not very noticeable to me in improved capabilities so far, but the faster consumption of limits is very noticeable.

I hit my 5 hour limit within 2 hours yesterday, initially I was trying the batched mode for a refactor but cancelled after seeing it take 30% of the limit within 5 minutes. Had to cancel and try a serial approach, consumed less (took ~50 minutes, xhigh effort, ~60% of the remaining allocation IIRC), but still very clearly consumed much faster than with 4.6.

It feels like every exchange takes ~5% of the 5 hour limit now, when it used to be maybe ~1-2%. For reference I'm on the Max 5x plan.

For now I can tolerate it since I still have plenty of headroom in my limits (used ~5% of my weekly, I don't use claude heavily every day so this is OK), but I hope they either offer more clarity on this or improve the situation. The effort setting is still a bit too opaque to really help.