The horses did it for me. It made it look like some low effort parody.
So the comparison point should probably be like grey boxes or whatev people have been using as placeholders/throwaways so far, and compared to that these generated models actually look pretty great
I’m not sure why they chose to show off the “texture” view without even explaining what it is.
Also, while it may look iffy right now, it seems they’ve done the heavy lifting. A round of polish and in a couple years nobody will be laughing at this. (I’m already impressed, personally).
The heavy lifting is the not-yet-done fine details in the 3D-models. Vaguely car-shaped blobs not even respecting the original general shape of the car (e.g. the Cobra or the Toyota SUV) but with the correct texture extrapolated is nifty, but nothing more.
It sounds like they expect you to use it when you just need a vaguely correct shape anyway, at least as a starting point for further refinement.