I understand the point about buying a device for its current features, I respectfully disagree with the overall sentiment.
The iPhone 14 Pro Max is a high end device that's only two years old. Many consumers invest in premium products with the reasonable expectation of continued software support and feature updates. Apple has traditionally been good about supporting older devices with new features when possible.
Regarding the hardware requirements, the iPhone 14 Pro Max has the A16 Bionic chip, which is still a very capable. Without real concrete information regarding the specific hardware needs for Apple Intelligence, it's a bit premature to assume it couldn't run well on this device.
The timing of the feature release compared to new hardware announcements feels like it could be more about marketing strategy than technical limitations. Releasing a new phone before the feature is even available, then restricting the feature to only the newest models, seems to push consumers towards unnecessary upgrades.
No one is entitled to every new feature indefinitely, but I think it's fair for consumers to express disappointment when relatively recent, high end devices are excluded from significant software updates. It's not just about what was promised at purchase, but also about perceived value and longevity of premium products.