Not exactly world-class software.
Using these tools takes quite a bit of effort but even after doing all those steps to use the tool well, I still got this project done in a few days when it otherwise would have taken me 1-2 months and likely simply would never happened at all.
I think you have every right to doubt those telling us that they run 5 agents to generate a new SAAS-product while they are sipping latté in a bar. To work like that I believe you'll have to let go of really digging into the code, which in my experience is needed if want good quality.
Yet I think coding agents can be quite a useful help for some of the trivial, but time consuming chores.
For instance I find them quite good at writing tests. I still have to tweak the tests and make sure that they do as they say, but overall the process is faster IMO.
They are also quite good at brute-forcing some issue with a certain configuration in a dark corner of your android manifest. Just know that they WILL find a solution even if there is none, so keep them on a leash!
Today I used Claude for bringing a project I abandoned 5 years ago up to speed. It's still at work in progress, but the task seemed insurmountable (in my limited spare time) without AI, now it feels like I'm half-way there in 2-3 hours.