I thought it already runs laps around us cognitively? And for physical tasks it can make a robot version of us that is stronger, faster, can do more, doesn't need to sleep, etc. Human bipedal form is probably pretty limiting compared to something better like a crab.
Yes, laugh at the chinese robots who fall over at keynotes all you want, the ones sprinting at 30mph keep me up at night and that's probably not even representative of the bleeding edge.