It's both... I think it can cut both ways... I was largely on your side, as most of the AI stuff I've seen is just annoying more than anything. Then the "Star Wars: Beggar's Canyon" video completely changed my mind. The voice generation is clear and inflection appropriate... the cuts, sequence, and overall effects are clearly put together in a consistent way.
I can only imagine how much work that video was, but is really the first thing I've seen as AI video that gives me hope... and obviously a work of passion and a lot of effort to get such a great final result.