This is closer to no-code, but yeah.

Main reason to make the distinction is that most systems that parade themselves as "low-code" today are IME indistinguishable to high-code development to your average joe.

Even taking this example, the level of value totally depends on the degree of abstraction you can trust the computer to perform for you. There is a tremendous amount of nuance to human language and while we've come a very long way in that field of study, it's still a hard nut to crack.

I would agree. In my current role, we have a dedicated, growing team that builds such applications which tells me all I need to know.