It's going to get so cool and interesting, I think.
A lot of the conversation around art may focus more on composition and objectives of the artist in the new prompt engineering world, with less bias from factors such as rendition quality etc. creeping in since it's so incidental.
New forms of art will emerge and/or gain popularity that focus on trying things the tools aren't good at yet. The human artist of the gaps. The niches will constantly be shifting.
I wonder if we'll learn to recognize the output of certain popular models and perceive them as instruments. "Made by xy on z" instead of "xz on guitar", so to speak. I remember the 90s/early 00s internet when it was always easy to tell when something had been done on Flash, just because of its line anti-aliasing rendition style being so distinct and familiar.
The novelty will wear off, and we'll all start to feel a bit disappointed that the average human's imagination is pretty limited and novel/original ideas remain somewhat rare as the patterns and tropes in all the generated art emerge. It's great you can put the space needle where you want it and get a good-looking city and space ship, but how many variations of a cyberpunky skyline with a space ship do you need? And then we'll celebrate the novel stuff that does happen, as always. I suppose the tropes will evolve faster as the throughput goes up.