Hardly... applied programming education has been alive and well in community colleges (and some higher ed. institutions) for decades. Not every program, everywhere, is theory-heavy!

Bootcamps tend to be at the other end of the spectrum. In my experience they often produce developers that have a solid understanding of specific technologies, but have a harder time solving more general problems and/or moving up and down the tech stack.

I believe that what we need is something in the middle - a solid CS education combined not with in-depth dives into specific technologies, but with a wide range of samples of solid engineering in various real world projects.