Exactly this. If you can get something close to Opus 4.5 for free, that's noteworthy. I may not use it for the most critical pieces of my app, but not everything I do is galaxy-brain coding.
Yes, honestly, Opus 4.6 and GPT 5.4 were mostly not really noticeable improvements over 4.5 and 5.3 respectively. If we were stuck at 4.5 levels but at 1/10th of the price, I'll take it.
From Qwen-3-max thinking, I remember the inference becoming veeery slow as you pushed towards 1M context, already at 300k tokens you would notice the degradation. But of course, I was using Qwen Chat, so could be a resource allocation thing.