I like the promise, but the hill is very steep and I don't see much on delivery here. Very hopeful, but I would rather see this kind of thing launch significantly further than where it is at. This appears to be a good base, now let's see it again when there is Text support, animations, transitions, filters, etc.
We actually already support text, transitions, and animation of basic properties as well as some filters. I would be interested to hear more about your use case and which capabilities you felt were missing from what you saw.
I can use Remotion for example, to design any kind of animation in code, and overlay it on video, which, especially with AI, lets me do quite a lot.
One thing I did for a while, was render some assets, and then with remotion I created a template, and a script, that would pump out videos automatically. Think similar in concept to like, a Daily Mail news video, where its just some music, some footage, and some text overlayed. Every video is the same, they just need to drag and drop some assets in and click Go. Remotion was great for that.
Still, I made the actual assets for the graphics in after effects. In mine, a date would "glitch" onto the screen and then glitch out. Probably possible to do with code, obviously, but was much more complicated than using AE to design that.