Exactly, this is a disruptive technology that will change the way art is created going forward. There will be positive and negative aspects associated with it just like every new technology. One positive aspect I can definitely see is that it will allow a lot of people who lack technical skills for producing visual art to express themselves.
And it's also worth noting that the workflows are already getting fairly sophisticated. It's not just a matter of typing in a prompt and getting an image back. People are using stuff like control nets to pose the characters in the scene, inpaint specific details, etc. It's a different set of skills from traditional art, but it still requires expertise to produce a particular result you're looking for.
The way I look at it is that this tech will help automate a lot of tedious work involved in creating art, but it still takes a person with good taste to produce art that's interesting and engaging. In this sense it's quite similar to photography. Anybody can pick up a camera and start shooting pictures, but it takes an artists to create interesting pictures that people find meaningful. This is no different.