Yes, it will also have 5 mins of battery life when unplugged and have a power adapter the size of a shoe box. I tried a similar machine from Lenovo at work and quickly returned it.
The thing is, I think there's probably a niche for a workstation laptop like that, but this doesn't really check the right boxes.
For all that extra bulk it ought to be extremely robust and repairable, have the best specs possible, and be equipped with the kind of killer cooling system that a thin chassis can't deliver. Then the tradeoffs might make sense.
My laptop is always either plugged into a dock at work, or plugged into a dock or just a power supply at home. I feel like there's an untapped market for 'same laptop, but slightly cheaper because there's no battery in it at all'.
Like you say most windows laptops have such garbage battery life already that it's not practical to use them unplugged.