I think it matters, because nowadays we don't look at assembly any more. I mean, I don't recall the last time I was tracking down a compiler bug but it's definitely been more than 15 years ago.
We do have to look at the LLMs' output, though, and, as you already pointed out, iterate to get the correct results. What this means is that the output must still be readable, must be analyzed by someone and I don't see it going away any time soon.
The problem is that the analysis is not cheap. Sometimes, with boilerplate, it is easy, but many times it is not and that's where we get only slight gains by using LLMs.
We do have to look at the LLMs' output, though, and, as you already pointed out, iterate to get the correct results. What this means is that the output must still be readable, must be analyzed by someone and I don't see it going away any time soon.
The problem is that the analysis is not cheap. Sometimes, with boilerplate, it is easy, but many times it is not and that's where we get only slight gains by using LLMs.