It's further than you think. I spoke to someone today about and he told me it produced a basic SaaS app for him. He said that it looked surprisingly okay and the basic functionalities actually worked too. He did note that it kept using deprecated code, consistently made a few basic mistakes despite being told how to avoid it, and failed to produce nontrivial functionalies.

He did say that it used very common libraries and we hypothesized that it functioned well because a lot of relevant code could be found on GitHub and that it might function significantly worse when encountering less popular frameworks.

Still it's quite impressive, although not surprising considering it was a matter of time before people would start to feed the feedback of an IDE back into it.