It is more than good enough and has effectively caught up with Opus 4.6 and GPT 5.4 according to the benchmarks.
It's about 2 months behind GPT 5.5 and Opus 4.7.
As long as it is cheap to run for the hosting providers and it is frontier level, it is a very competitive model and impressive against the others. I give it 2 years maximum for consumer hardware to run models that are 500B - 800B quantized on their machines.
It should be obvious now why Anthropic really doesn't want you to run local models on your machine.