So much wrong with this. First of all, "this" IS happening. We are all witnessing a major shift on social media platforms from photography to video. Why? Simple: storytelling.
Second, "waiting for the right technology" is missing the point. Human beings will mess around with things to create (See: 2001: A Space Odyssey). Apple is putting these filmmaking tools that nobody asked for into their iPhones and people WILL start using them.
Intent doesn't matter. Steve Jobs didn't plan on iPhones revolutionizing the world through social media. Nobody intended phones to be used to disrupt the hegemony of traditional media corporations. But the technology was there. And out of a billion people, a good number will eventually start using them. Mess around enough, some kid from nowhereistan will make the best film of the year.
And you're mistaken about the democratization of filmmaking tech. First of all, traditional filmmaking is far, far still prohibitive for most people. You're still spending thousands - at least tens of thousands of dollars to make even a watchable short film. And by you, I mean you, trust fund kid who wants to make movies but have shit stories that doesn't resonate with any normal people.
So it is all about technology, in the same way that camera phones, inferior as they are, have disrupted the professional photography industry.
And it's not just about the camera. It's about technologies (both hard and soft) that will reduce the need for gear and crew and any other prohibitive costs that have otherwise prevented billions of people on this planet from making their own movies, telling their own stories. Not cat videos, TikTok clips, or dick pics. But stories. That hasn't happened yet. But it will.
The obvious trajectory of this evolution is for ONE PERSON to tell a STORY, as we have always done for thousands of years. Except this time, millions will be gathered around the fire to hear the best ones.