I'd rather we have bitcoin crazes, scaling crazes, nosql crazes and GPT crazes than this industry commoditizes itself to hell and I have to spend the rest of my career gluing AWS cognito to AWS lambdas for $55k / year.
At the same time I'm pretty sure that it will wildly change any industry where creativity is critically important and quality control either isn't that important or can be done by amateurs. There is substance at the core of the hype.