I would say that is highly unlikely if by SOTA models you are not just referring to coding benchmarks but more general purpose ability and domain-specific knowledge. For example Kimi 2.6, which is comparable to Opus 4.6, is roughly 500+GB large, and I don't see how that would run on consumer hardware anytime soon.
Besides, this is not just about the technical feasibility, but also economically not viable whatsoever. Why should consumer laptops be capable of running such models, when they would be massively underutilized most of the time, when inference providers can produce the same results faster, cheaper and a lot more viable economically?
For agentic coding I 100% agree with you, it's worse and slower and more expensive for LARGE coding with local models. Narrow coding (like writing a specific function) is slow but viable. Regular LLM chat usage on high-end consumer hardware is competitive except on cost though. 0
The hosted frontier models are massively subsidized, right? I think the point of local non-frontier models is just learning at this point, so you’ll be skilled if/when the market starts comparing the actual price of the two different models.