Perhaps there is a further minority of people who wanted this "cheap" phone, but that's what the SE is and those people should accept it for what it is. Asking Apple to sell the equivalent of an $800 phone for hundreds less because the screen is smaller makes no sense.
And others who want a reasonably-sized flagship is hardly a crock. A mini version of the Pro is exactly what I wanted, and I am and have been willing to pay for it. I've demonstrated as much, as my last phone was $1249 before AppleCare and taxes. The mini was cheap IMO, at ~$800, and I would've gladly paid another $200-400 to get a stainless steel-framed version with the telephoto lens.
And on the topic of Face ID, this is the one area that still sucks. Face ID is still an awful solution in search of a problem exacerbated by the pandemic. And the one thing that will get me to trade the 12 mini right back in this year is if a 13 mini comes out with Touch ID, as some rumors have suggested might be (finally!) coming.