At the risk of sounding like a booster, I have noodled over whether this is a place that AI can legitimately provide some improvements. It's harder than just waving an AI at the problem, which is why we don't really have this yet. But one of the major issues with the intermediary language you're talking about is the rigidity of conventionally-applied programming. AI is a bit more flexible and gooey and more able to function as duct tape and bailing wire... but that does come with several tradeoffs of its own that need to be mitigated to some degree.

As a specific example of this, I've been using emacs since about 1997, but it's only this year that I've started down this sort of "integrate everything" road that it promises, because I've never wanted to learn emacs' specific Lisp variant that is used nowhere else. But now with AI I've done more emacs extensions that are providing real value to me than I have in the last... ever. About my previous limit was reifying a keyboard macro into a command, which still isn't really programming emacs.

The ability to indicate "intent" in a way that computers can actually process it as "intent" might change the calculus enough to make this more possible than it used to be in the past.

But those tradeoffs are real. Non-determinism is a problem. Difficulty in knowing what the AI is doing unless you're staring at its output, and even the ability to conceivably monitor an AI's output is only a transient thing we have at the moment, they'll speed up past our ability to monitor them at all soon enough. But it's at least a new area that can be explored and there may be solutions to some problems in there we couldn't reach before.

Looking really cynically, it does seem like it might transition into some kind of cloud-development situation. Your "one access to all development" is one ssh away from our mega 24/7 online compute farm, since we need to keep the sessions persistent. But you can access anything you want!

Hopefully that's not the endgame?

There is value in abstracting the underlying generic systems into more context-relevant primitives for people who just want to get shit done in that context.

Why not meet people where they are at?

If this product isn't valuable, then it will fail. I suspect it will not fail.