As is the hype.

You know, shovels are useful, they are just more useful to the shovel manufacturer than the gold diggers.

But in the end it's a cool tool that made it way easier to dig holes and tend to your garden!

The capabilities are very much deniable. They do not exist. Using LLMs to write code is either going to make you slower (as you have to review all that code), or make your software suck (because they write bad code and you're choosing to not review it). There's no actual win to be had here.