No? Apple has been delivering way cheaper laptops ever since M1, this one is just even cheaper. I thought PC execs were asleep at the wheel but not this bad.
My wife is using a fancy new air for 2500€, which is way better. But I still think of the good old MacAir times, they'll try to bring up again.
https://youtu.be/d-VOt9559Gk?si=tYlDstnaxtQWoJ88
He opens 50+ apps at once while working in Final Cut and Lightroom. Obviously anyone doing those full time would benefit from more resources but I think this is going to be enough for a big chunk of the population, and will be more appealing than the windows alternatives.
I worked in retail for a decade, a lot of that was selling computers. The vast majority of what people buy computers for could be done a toaster. You don't exactly need top end specs to browse the internet, reply to emails, and write the occasional document.