I work in this space and think that it's far more rational to accept the axiom that LLM progress will not be significant than to bank product work on assuming it will increase drastically.
I do think we still have yet to squeeze the most value out of current LLMs, but most people's radical AI dreams are completely out-of-touch with reality for anyone working closely on these problems.
My biggest fear in this space is that disappointment in the inability of these tools to live up to the hype will cause people to irrationally abandon exploring the spaces where they do work.