These are all (both mine and yours) opinions, and we will need studies to see what's what. That said, my opinion is that not everything is a software development pipeline and needs to be efficient with short feedback loop.
To me what you say:
> will mean that they start seeing rewards for their efforts much faster
sounds essentially a negative. This leads to rewards-chasing and a habit of obtaining result without an appropriate amount of effort. This means that many won't even ever discover their passions or what they are good at. Putting the effort is a necessary step to grow. In other words, will any kid with this machine ever draw something from scratch, after they got used to having something much better than what they could do (at least at the beginning) by hand?
All of this without even mentioning the impact of creativity, where instead of having to think/conceive stuff you have a technology that does that for you after a minimal input, rehashing what has been already thought.
My wish is that tech people just realized that the world is better off without their tech in most cases and stopped thinking that everything in the world needs some tech to "help" (which of course is really a way to make money).