It was in the endless list of new shiny 'skills' that feels good to have. Now I can use nano-banana instead. Other models will soon follow, I am sure.
Engineering probably takes a while (5 years? 10 years?) because errors multiply and technical debt stacks up.
In images, that's not so much of a big deal. You can re-roll. The context and consequences are small. In programs, bad code leads to an unmaintainable mess and you're stuck with it.
But eventually this will catch up with us too.
If you think that these tools don't automate most existing graphics design work, you're gravely mistaken.
The question is whether this increases the amount of work to be done because more people suddenly need these skills. I'm of the opinion that this does in fact increase demand. Suddenly your mom and pop plumbing business will want Hollywood level VFX for their ads, and that's just the start.