Cursor seems to be pivoting to a Codex like desktop app. The real product though is probably their decently tuned harness and their composer models. I agree that their popularity has waned. I would attribute that mostly to customers chasing the most subsidized tokens and Cursor not having the pockets to keep up. Anthropic is already following suit and it seems unclear how long OpenAI is willing to continue. I think in a case of a market correction that forces model makers to adopt more reasonable growth targets, that Cursor is decently positioned.