Yeah, something feels off about this product in terms of quality and branding. Let's remember they didn't do anything fundamental to improve the display portion of this monitor over what's in the 2020 iMac (no increase in size or resolution, no local dimming, no variable refresh, no HDR), and yet they are charging only $200 less for this ($1599) than they did for an entire 2020 iMac ($1799). At best, it seems there are small improvements in max brightness and black levels. And the bezels are narrower (though still twice as wide as those on the XDR, which has a more sleek, modern look for that reason).
I understand they were probably under manufacturing/technological/time constraints that prevented them from doing anything really cool with the screen (as contrasted with what they did with the 14" and 16" MBPs). But given this, and given what they planned to charge, the best approach would have been do to something special with the camera, like they did with the three-microphone array (which is reportedly excellent), and also not force an upcharge for something as basic as a vertically adjustable stand.
Specifically, at $1599, the webcam should have been outstanding. They could have done some clever engineering to both have Center Stage, yet allow the webcam to make use of the entire sensor when used in the most common mode, which is with one person. Simply doing a wide view and and then implementing an agressive crop for single-person use is a cheap, lazy approach.