Don't get me wrong it's a fantastic product and great price point, but the only thing it makes me think of is the complete failure of iPadOS. Ultra portable MacBook with is A18 with 8G of ram is infinitely more useful to me (for non-pen input) than full M4/M5 chip with more ram that's completely wasted due to needless OS restrictions.
Your “failure” is billions of dollars to them.
You're right. This is actually an implicit admission of the failure of the iPad for general purpose computing.
Which everyone on HN already says, but Apple seems to have its own idea what the iPad is for.