The slow word-by-word typing was what we started to get used to with LLMs.
If these techniques get widespread, we may grow accustomed to the "old" speed again where content loads ~instantly.
Imagine a content forest like Wikipedia instantly generated like a Minecraft word...
A chatbot which tells you various fun facts is not the only use case for LLMs. They're language models first and foremost, so they're good at language processing tasks (where they don't "hallucinate" as much).
Their ability to memorize various facts (with some "hallucinations") is an interesting side effect which is now abused to make them into "AI agents" and what not but they're just general-purpose language processing machines at their core.
Smaller models, not so much.