One of them is whether or not large models are useful and/or becoming more useful over time. (To me, clearly the answer is yes)
The other is whether or not they live up to the hype. (To me, clearly the answer is no)
There are other skirmishes around capability for novelty, their role in the economy, their impact on human cognition, if/when AGI might happen and the overall impact to the largely tech-oriented community on HN.