Quite the opposite - I'm very pleased.
1) It may look "chonky" but its all-around thickness is 0.19" thinner than the maximum thickness of the M1 Air, and it's 0.1 lb lighter.
2) Yes, it's $100-200 more than I was hoping to pay. Over the course of 5+ years of ownership, that's negligible.
3) The notch is really a non-issue for me. The display itself is physically larger, and now the menu bar has a dedicated space with 64 extra pixels on the vertical.
4) You may have anticipated a 15" model, but I never saw any credible predictions that we'd see one.
The M2 MBA has the two features I was most hoping for - MagSafe and a better webcam - and thus I will be buying one as soon as I can.