Memorizing facts was never the slam dunk in and of itself, but just a path to something greater, and I don't think that's changed. Think about the most obvious example - what we're doing right now: language. You can only fluently speak and communicate with others because you've memorized, to the point of complete subconscious mastery, a completely ridiculous amount of information and knowledge - thousands of words, countless grammatical nuances, cultural and contextual connotations/implications, and much more.

Imagine trying to speak without having this base of knowledge. Even if possible, you'd never be able to use the language in a comparable fashion. And I think this generalizes to basically everything in every domain. If you want to get good at chess, you need to study a ridiculously massive amount of tactics/patterns. If you want to get good at basketball, you need to simple practice dribbling and shooting a ball into a hoop for many thousands of hours, and so on.

The whole point of the memorization is to make it feel like it's not memorized. Like when you see these words, or come up with your own - it requires absolutely zero effort. There's nothing magical there. It's the exact same way that a master chess player can easily play a competent game of chess with 1 minute on their clock or while blindfolded.

If, and as, we start doing away with the rote, I'd expect we're going to see worse and worse outcomes. Arguably, this is already happening as Western education is continually 'rethought' while China rockets ahead of everybody with an education system that looks very much like a more centralized version of the US education system of 70 years ago.

You hit the nail on the head. It sounds silly to say, but it simply is useful to know things. And to know things, you "memorize" them. More specifically, you build neural pathways as the information becomes better known to you, and which can be activated quickly. This is why I maintain a massive Anki deck for anything I find curious and want to remember, inspired by Michael Nielsen (https://augmentingcognition.com/ltm.html) and others.

Even if AI is very powerful, it is very obvious that someone actually knowledgable in a given domain can leverage AI more usefully than someone without that base of knowledge. And to be actually knowledgeable, as opposed to vaguely familiar with terms, takes significant effort over time. Luckily we have tools like spaced repetition that make that effort easier.

The last thing I'd add is that it's useful to know lots of things in various domains. Much like an LLM, our brains draw connections between disparate things which we know well, in the process of diffuse mode thinking.