How high is the bar? Sure, most of this stuff is just improvement on existing things, and it's true that if you are not interested in AI then there wasn't something for you there, but are we expecting them to announce a revolutionary product each I/O conference?
And smart glasses are something that every other company has been toying with for a long time. Google Glass, Meta Smart Glasses, Snapchat Spectacles, etc. Maybe they nail it this time around, but you've heard that announcement a dozen times before, so it's hard to go "OMG THIS IS BIG".
The rest kind of already exists, died and is reborn multiple times already. Like the smart glasses.
And a lot of it is not even wanted by consumers. It is more Google trying to shove his ai to try to have user adopt it. Like Microsoft with Copilot.