Once again your posts are flawed. The old version was decent because a lot was all new whereas this version is not all new and the only part that is new is the CPU.As of right now with the new revision, yes you are right. However, under the old revision under an M1, it excelled to the point Apple mentioned it.
Back then people were also questioning the device. And yet it survived and Apple's quote on it seems to not made people realize that the device has a purpose and backing from either consumers or B2B. Either way, we know Apple is not keen on keeping devices that don't sell. Mind you this model was in between the MBA and the 14/16 MBPs.
When people compare it to the virtually all new M2 Air they will see that it is very poor value indeed.