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Ken and Mike are back from the grave to kick off 2026 with a timely debate on the AI panic cycle hitting software and security. They dig into the biggest questions flying around the industry right now: Is AI taking developer and security jobs? Is SaaS dying? Is software engineering being replaced by vibe coding and agents? From maker-checker workflows and token costs to AI-generated bugs, false positives, and attackers using autonomous tooling to move faster, this episode cuts through the hype from both the doomer and evangelist camps. The conclusion: software isn’t dead, security definitely isn’t solved, and the teams that adapt their craft instead of abandoning it will be the ones that keep up.