I think it would be an alright (potentially good) outcome if in the short-term we don't see major progress towards AGI.

There are a lot of positive things we can do with current model abilities, especially as we make them cheaper, but they aren't at the point where they will be truly destructive (people using them to make bioweapons or employers using them to cause widespread unemployment across industries, or the far more speculative ASI takeover).

It gives society a bit of time to catch up and move in a direction where we can better avoid or mitigate the negative consequences.