> so the theory is Cursor wins that as the "model agnostic"

But there are many model agnostic harnesses out there: OpenCode, Roo, Cline, and many others. And even Claude Code can be setup to use non-Anthropic models.

The fact it's agnostic has to be useful.

Being able to compare outcomes for workflows involving competitors will obviously be v v v v useful.

> $4B ARR

If you resell something worth $5 for $5 while having to pay for R&D and operating expenses that's not exactly comparable with a company that's selling actual products.

> Say 17x Multiple

On an extremely low margin business it is, yet again that wouldn't be the stupidest thing in today's market.