I didn't understand this before reading the sibling comments so I'm not sure I got it fully right but I think the total cost becomes like this:
* Input tokens: Pay for both models * Output tokens: Pay for the model that generates * Cached tokens: Pay per turn, so in total a weighted average over both models?
Since output tokens are the most expensive, I can see how this is an overall win for many use cases as benchmarks also show. The hard part is routing correctly.