I've been quite worried about it at this point. However I see that "this is not going to happen" is likely not going to help me. So I rather go with the flow, use it where reasonable even if it's not clear to me whether AI is truly ever leaving the hype stage.
FWIW I was allowed to use AI at work since ChatGPT appeared and usually it wasn't a big help for coding. However for education and trying to "debug" funny team interactions, I've surely seen some value.
My guess is though that some sort of T-shaped skillset is going to be more important while maintaining a generalist perspective.