I think it will be important, especially once extending CoT has gone so far that you get many compactions and the additional diminishing returns that entails. Also important when you need speed and are willing to have a less efficient system to get it. I think it will be big, though not as big a thing as reasoning. But I think it will be big enough (and shiny enough) that many people will think it is as big a thing once it is here.
I think it will be important, especially once extending CoT has gone so far that you get many compactions and the additional diminishing returns that entails. Also important when you need speed and are willing to have a less efficient system to get it. I think it will be big, though not as big a thing as reasoning. But I think it will be big enough (and shiny enough) that many people will think it is as big a thing once it is here.