Humans are great at making up purpose where there is absolutely none, and indeed this is a helpful mechanism for dealing with post-scarcity.
The philosophical problem that I see with the "AI overlord age" (although not directly related to AI) is that we'll then have the technology to change the inherent human desires you speak of, and at that point growing tomatoes just seems like a very inefficient way of satisfying a reward function that we can change to something simpler.
Maybe we wouldn't do it precisely because it'd dissolve the very notion of purpose? But it does feel to me like destroying (beating?) the game we're playing when there is no other game out there.
(Anyway, this is obviously a much better problem to face than weaponized use of a superintelligence!)