I agree, I also think there are long term costs to agentic coding that we won't see yet for a while, gradually and then suddenly.

It feels like nobody is even trying to iterate on the "power-tool style" usage of language models, everyone jumped straight to agents. It's not clear to me that removing a human from the loop is strictly more efficient though. Imagine an editor with an embedded language model (either running locally or using cheap cloud models) that is constantly churning, analysing code, reading debug logs, offering suggestions. Refactoring is not b̴e̴g̴g̴i̴n̴g̴ asking a chat interface to make changes, but structured refactors utilising the language models powered by the underlying ast representations to pull off much larger or involved refactors that surpass the abilities of current IDEs. Or doing codegen in your editor in a more structured (and thus repeatable) way compared to an agent spitting out code that you have to then review.