So like we went from assembler to higher level programming languages, we will now move to specifications for LLMs? Interesting thought... Maybe, once the "compilers" get good enough, but for mission critical systems they are not nearly good enough yet.

Right. I work in aerospace software, and I do not know if this option would ever be on the table. It certainly isn't now.

So I think this question needs to be asked in the context of particular projects, not as an industry-wide yes or no answer. Does your particular project still need humans involved at the code level? Even just for review? If so, then you probably ought to retain human-oriented software design and coding techniques. If not, then, whatever. Doesn't matter. Aim for whatever efficiency metric you like.