There is a ton of headroom (or room for improvement) in smaller locally runnable models. Some of the Gemma 4 models were re-released this week with better tool support and the improvement in using it with pi for a local coding harness is very noticeable.

I have had my 32G mac mini for 2 1/2 years and I have enjoyed watching one technology advance after another improve the quality of work I can do locally. I bet that what I will be able to do in one year on my old hardware will be even more awesome.