The effect I have observed is that it's fairly good at tricking people who are latently capable of programming but have been intimidated by it. They will fall for the promise of not having to code, but then wind up having to reason and learn about the LLM's output and fix it themselves, but in the end they do wind up with something they would not have made otherwise. It's still not good or elegant code, but it's often the kind of very useful small hacky utility that would not be made otherwise.