You're not missing much. Seems to me like they wrote 150k lines of code for some glorified photo app with ChatGPT in the backend for image processing. Oh and some note-taking it seems.

I await (also doubt) the day this produces something truly useful and not just generic derivative functionality glued together

I was confused by this. Watching the demos on their page, it looks extremely slow. And it just does some image recognition to fill a form?