There's definitely hype, but the newer models can undoubtedly do things the older ones couldn't. I had multiple long-term issues that earlier models couldn't solve (after repeated attempts) that fable did in 1 shot. On small models too, the differences in what I can trust them with has dramatically changed compared to a few months ago. Unless you breathlessly never touched the limitatioms of earlier models, it's very clear that the wall of limitations has been moving outward.

Note also when a new benchmark is released, older models do worse on it than recent models, despite none of them being trained to the benchmark.