Yeah. There are lots of things we can do with existing capabilities, but in terms of progressing beyond them all of the frontier models seem like they're a hair's breadth from each other. That is not what one would predict if LLMs had a much higher ceiling than we are currently at.
I'll reserve judgment until we see GPT5, but if it becomes just a matter of who best can monetize existing capabilities, OAI isn't the best positioned.