I mean, in a way, yeah.
Last 10 years were basically one hype-cycle after another filled with lofty predictions that never quite panned out. Besides the fact that many of these predictions kind of fell short, there's also the perception that progress on these various things kind of ground to a halt once the interest faded.
3D printers are interesting. Sure, they have gotten incrementally better after the hype cycle died out, but otherwise their place in society hasn't changed, nor will it likely ever change. It has its utility for prototyping and as a fun hobbyist machine for making plastic toys, but otherwise I remember people saying that we'd be able to just 3D print whatever we needed rather than relying on factories.
Same story with VR. We've made a lot of progress since the first Oculus came out, but otherwise their role in society hasn't changed much since then. The latest VR headsets are still as useless and still as bad for gaming. The metaverse will probably never happen.
With AI, I don't want to be overly dismissive, but at the same time there's a growing consensus that pre-training scaling laws are plateauing, and AI "reasoning" approaches always seemed kind of goofy to me. I wouldn't be surprised if generative AI reaches a kind of equilibrium where it incrementally improves but improves in a way where it gets continuously better at being a junior developer but never quite matures beyond that. The world's smartest beginner if you will.
Which is still pretty significant mind you, it's just that I'm not sure how much this significance will be felt. It's not like one's skillset needs to adjust that much in order to use Cursor or Claude, especially as they get better over time. Even if it made developers 50% more productive, I feel like the impact of this will be balanced-out to a degree by declining interest in programming as a career (feel like coding bootcamp hype has been dead for a while now), a lack of enough young people to replace those that are aging out, the fact that a significant number of developers are, frankly, bad at their job and gave up trying to learn new things a long time ago, etc etc.
I think it really only matters in the end if we actually manage to achieve AGI, once that happens though it'll probably be the end of work and the economy as we know it, so who cares?
I think the other thing to keep in mind is that the history of programming is filled with attempts to basically replace programmers. Prior to generative AI, I remember a lot of noise over low-code / no-code tools, but they were just the latest chapter in the evolution of low-code / no-code. Kind of surprised that even now in Anno Domini 2024 one can make a living developing small-business websites due to the limitations of the latest batch of website builders.