SOs answer quality was never perfect, but there are still a few differences:
- Humans actually try to answer the question at hand, whereas ChatGPT is only auto-completing text. This might lead to similar results in a lot of cases, but the goal of ChatGPT is not to produce correct SO answers.
- Related, humans will (usually) back off or correct answers if errors are pointed out to them. ChatGPT (at the moment) doesn't.
- Humans will (usually) not attempt to answer questions they don't feel like they are qualified to answer. ChatGPT will.
I'm not saying that SO is/was perfect as-is, but ChatGPT is - in my opinion - overall not likely to improve SOs quality as of now. Since it is currently banned on SO, it seems like this is not only my opinion.