A lot of disappointment here in the comments, but models like these aren't meant to compete with the likes of Fable or GPT 5.6.
I use 3.1 Flash Lite regularly to classify listings on eCommerce websites. It's great for this task - fast, cheap and accurate.
In fact, it was the single best model we tried in terms of the speed vs accuracy vs price tradeoffs - including the Chinese models.
Of course, 3.5 Flash was more accurate but the 5x cost increase couldn't be justified.
3.5 Flash Lite sounds like it could be a strict upgrade for our use case, without a significant increase in costs or drop in speed.
It's not GPT-6 but it's not trying to be. It's a completely different tool and great at what it does.