My opinion, art meant to capture and communicate the emotions and truth of an exact moment will always have a place. But also, as the time cost to represent a single frame of an idea becomes achievable in fractions of a second, what it unlocks is the ability to represent ideas that are best expressed through longer time sequences. What we wait on is tools that better allows us to constrain, guide and sculpt the generated sequence as it evolves.
As someone who has always loved fractal and Mandelbrot zooms, infinite AI zooms are already cool new art experience made possible in terms of feasible time cost to make. https://www.youtube.com/watch?v=L1vrPpM4eyM