If you look outside HN, you'll see that people who interacted with Fable 5 overwhelmingly thought that it was a significant improvement, not simply an incremental one. Most reputable benchmarks show this as well.
My day-to-day take, for the coding I do (not security related): incremental, modest improvement, if any. Not worth the 2x cost. I've calmly continued to use Opus, happy that it seems like it got an allowance upgrade.
For most single issues/bugs/tickets, the quality difference wasn't noticeable. But that's like using a sledgehammer to kill a fly. I was using Fable for much more ambitious and complex tasks that require orchestration, and it was crushing it. I described it here: https://news.ycombinator.com/item?id=48505782
So yes, the benchmarks are indeed accurate: where Opus 4.8 would start strong and eventually struggle or run into obstacles, Fable would relentlessly keep working, keep accurate track of all work threads (e.g. multiple inter-dependent issues being worked in parallel by subagents) and would go above and beyond.
The flow you describe in that comment is rather simple in my opinion and with the right harness even Sonnet would drive most of that.
I judge by the ability to bugfix complex codebases and the direction it takes in architecture. In my opinion, that's a tad more complex (and easier to objectively measure) than orchestrating tickets, no matter how complex.