We do lose something, but really I still see it as an extension of autocomplete.
I had some pieces of code I wrote I was quite proud of: well documented, clear code yet clever designs and algorithm.
But really what always mattered most to me was designing the solution. Then the coding part, even though I take some pride in the code I write, was most a mean to an end. Especially once I start having to add things like data validation and API layers, plotting analysis results and so many other things that are time consuming but easy and imho not very rewarding
