While I agree with your premise, the "toil" that you mention is a very small use case for a tiny minority of people. And automating it away has always been trivial. What would have taken 30 minutes to write a Python script now takes 5 minutes to come up with the perfect prompt. And then you have to test and be sure that it does what you want. Neat, but not world-changing.

Meanwhile ChatGPT is already being hailed as the Google killer. People are using it to write essays and form opinions. Plenty of online and offline debates contains phrases from ChatGPT repeated verbatim. It's being adopted in newsrooms around the world. So what it is good for in theory and what people are actually using it for are worlds apart. IMO the technology is going to have its "self driving car kills pedestrian" moment very soon because of over-eager and careless users, and that is going to set the entire field back.