Sounds peaceful.
But seriously, web is asymptotically approaching zero usefulness precisely because of all those "capabilities". In those circumstances, can't you see a million nerds muttering "we'll build our own interweb! with blackjack and hookers!" And one of them might even get lucky, and get a tipping point. Gemini's just an example.
I don't think web's ever going away for corporate stuff, but I can imagine the cultural party moving next door, to a less capable protocol.