Lots of comments about missing features meaning it is not for pros. It's been a long time since 'Pro' meant for professionals in Apple's world. Pro just means 'The better, more expensive one'.
This 14inch MacBook Pro with M3, I believe, is aimed at people who don't have the professional workflows, don't need the crazy performance, but want the better hardware, the better screen, the pro motion, the better webcam, microphones, the HDR brightness for videos etc. I believe there are a bunch of people where the performance of the base M3 is more than what they need, 2 USB-C ports are fine for them, but they would like the better screen tech etc.
This is that product. No different to the iPhone 'Pro', most of it's buyers are not using it for professional workflows, but they want the more premium design, the pro motion etc