If you never used a computer with an SSD, you won't consider the experience horrible. Before you've switched to a computer with an SSD, did you think your computer had a terrible user experience? No, you just accepted it as the way things are. People upgrading from a HDD computer to this iMac won't consider the experience to be horrible. In fact, they will be delighted by the display, in terms of resolution but also colour, but likely also by the CPU, GPU and memory performance if their previous computer was several years old.
If you want to beat up Apple, do it over still selling the 2012 non-retina 13" MBP with a Sandy Bridge CPU and iGPU and a 5400 rpm drive. All other laptops released since then have SSDs. But there are apparently enough people still buying it, otherwise they wouldn't keep selling them, despite Apple hardly promoting it. Some people just prefer storage size over speed (for a given price) or low price over speed (for a given storage size) even if that means that they have to get 2012 tech. And am pretty sure, the vast majority of them never used a computer with an SSD and thus simply don't know what they are missing.
Yes, the HHD-only iMac might mainly be there to hit a price point to get people into the door, but it might at the same time also make the vast majority its users happy.