Their previous Composer was already marketed as a cheap model capable of competing with SOTA on most tasks. The evals they shared back then backed this up but in my day-to-day usage it fell short across the board. Canceled my cursor subscription and switched to Claude Code a few weeks ago. It has its own shortcomings but in terms of model capability and UX quality Cursor will have a hard time competing in the long term. Elon Musk will be a very good way out for them.