The Vim/Neovim ecosystem has gotten unbelievably better over the last 5-10 years. "Living in the terminal" for core development work is IMO better than pretty much anything else out there; my Neovim setup has a modern plugin manager; an IDE-like experience with fast autocompletion as I type, goto definition, and automated refactor support; and a side-drawer file browser navigable with Vim motions. It feels like an IDE, except that it launches in ~100ms and has ultra-low typing latency. Using it with tmux panes means I can have various drawers and panes with a series of full, incredibly fast terminals wherever I want, with long-running tasks like automated test watching/running while I edit code placed wherever I want around the editor panel. Not to mention the Cambrian explosion of "modern" terminal tooling getting built, like xplr [1], hyperfine [2], httpie [3], etc.

That being said, I think "living in the terminal" for general purpose computing, like browsing the web or talking to your coworkers, has been in a kind of frozen standstill while the rest of the world has moved on. I think it isn't worth trying to push non-dev work into the terminal currently.