Sure they can handle the basic case of ANN. But ANN still doesn’t have good stories for lots of real-world problems.

* filterable ANN, decomposes into prefiltering or postfiltering.

* dynamic updates and versioning is still very difficult

* slow building of graph indexes

* adding other signals into the search, such as query time boosting for recent docs.

I don’t disagree these systems can work but innovation is still necessary. We are not in a “data stores are solved” world.