I hope someday there’s a version of this or something comparable to it that can run on <8gb consumer hardware. The main selling point of Stable Diffusion was its ability to run in that environment.

Give InvokeAI a try.

https://github.com/invoke-ai/InvokeAI

Edit: Spec required from the documentation

You will need one of the following:

    An NVIDIA-based graphics card with 4 GB or more VRAM memory. 6-8 GB of VRAM is highly recommended for rendering using the Stable Diffusion XL models
    An Apple computer with an M1 chip.
    An AMD-based graphics card with 4GB or more VRAM memory (Linux only), 6-8 GB for XL rendering.