I think it's a sensible position to be in. I tend to use AI in order to build awareness of it's capabilities. I find that sometimes it is useful for brainstorming or "tip of my tongue" searches but as you say the actual coding capabilities are exaggerated.

To me Cognition AI is doing what most other hype-based startups do which is generate good headlines so that VC money can keep pouring in. It is up to us to spot and question things that don't quite make sense... and anything with the words "AI understands X" don't make sense currently ^^