The promise then was similar: "non-programmers" could use a drag-and-drop, WYSIWYG editor to build applications. And, IMO, VB was actually a good product. The problem is that it attracted "developers" who were poor/inexperienced, and so VB apps developed a reputation for being incredibly janky and bad quality.
The same thing is basically happening with AI now, except it's not constrained to a single platform, but instead it's infecting the entire software ecosystem.