But before we celebrate its demise: the side effect will also be the same ones seen in the civil engineering world: creative ideas take decades to come into existence. As you mentioned in your other comment, there was a time when railroad building was exciting, and in that time, people died doing exciting engineering. Civil engineering tools are now orders of magnitude better than they were years ago, but there hasn't been an explosion in creative structures, even at the lowest level. I also think many of the perks (ie: salary) of the software engineering industry are intimately related to the 'move fast and break things' culture. When that leaves the industry, it may be less of a good riddance than you think.
This may be my perspective as an outsider though, I don't work in software. But I have considered making the jump to software engineering, because 'moving fast and break things' sounds fun.
Fundamentally we agree, but I'm a pessimist.