Which means that both pilots 1.set the parameters (not a single button push), 2.follow closely that the plane does what they would have, 3.ready to take over at any moment, as the AP cannot even reliably detect it's not on the happy path; this does take off some of the cognitive load off the pilots, but it's very far from the narrative "push button and have a coffee" that's being peddled here.

In fact, it's more of "hold this heading and glideslope" than anything else - a smarter cruise control, if you will.