Hype will come down once scalability problems start to show up. It's the same with every new technology: people get excited from the results of their PoC not realising that a PoC is smaller in scope and therefore has better chances of working. Then you try to translate that to a proper project and it all falls apart.

Agentic coding will accelerate things, but you'll still need the engineers.

Power tools didn't get rid of the tradespeople, they just made the ones that knew how to use the more efficient.