I have a feeling this is going to end up in the same place where a lot of AI generated projects end up.
There has for sure been a reduction in the amount of effort to create software. But that friction that existed before helped in determining what was WORTH making. There will be a subsection of tools that are now creatable, that are needed. But there'll be a lot of tools that get created that will be abandoned precisely because they didn't solve enough of a problem.
Having a gating mechanism, in the past the friction and effort, was good.