I didn't have high expectations, and I still think you can probably get better results by doing a First-Last-Frame using something like Minimax H3 but I was still rather surprised that it could do it at all.
Here are some of the results. The last one shows its ability to take an existing image and convert it into an animated GIF. It's a picture of my husky inside a snow globe.
Honestly, you have to think about the use case. GIFs are going to be little throwaway things that you're pasting into Discord or meme-ing.
Nobody's reaching for a GIF if they're looking for professional results.
It's a shame that the SVG output seems to be limited to static vector graphics only though - or rather I couldn't get it to produce anything with the <animate> attribute.
If you actually want something that looks decent, it feels like tool use would at least help cover the obvious blunders. Building layers to composite would go a long way to removing some slop here.
Ain’t wrong buuuuut…