I basically fully agree with this. I am not sure how to handle the ramifications of this in my day to day work yet. But at least one habit I have been forming is sometimes I find that even though the cost of writing code is immensely cheap, reviewing and validating that it works in certain code bases (like the millions of line mono repo I work in at my job) is extremely high. I try to think through, and improve, our testability such that a few hundred line of code change that modifies the DB really can be a couple of hours of work.
Also, I do want to note that these little "Here is how I see the world of SWE given current model capabilities and tooling" posts are MUCH appreciated, given how much you follow the landscape. When a major hype wave is happening and I feel like I am getting drowned on twitter, I tend to wonder "What would Simon say about this?"