I have to disagree with all you folks who disparage the value of Bluetooth with the HomePod. The worst problem with the HP is its limited usefulness. Without BT I can't even consider the possibility of picking up a pair to run with my t. v. or my sound system. The number and variety of programming sources one can access with the HP is painfully limited. Compared to what I can access on my t. v., for example, the amount and variety of programming available via Apple TV, even taking into account its TV app., is very small.
Apple could fix this, it seems. I have read that the HP does contain BT circuitry but that it is only used for the initial setup. If this is true, maybe a firmware update could change this, but for some reason that seems impossible to understand Apple appears to have no interest in helping us climb out of its notorious Walled Garden. Sometimes the mentality of its corporate culture seems downright psychotic. Maybe the advent of the Bose product will goose it into changing its mind. Certainly this issue of limited usefulness must be having a hugely negative impact on the HP's sales figures. You reap what you sow.
The HP, in short, is a niche product: at least as currently configured it is useless as a general-purpose speaker. Whereas BT will allow the forthcoming Bose competitor to function as such. So, if you can bring yourself to forget about its clunky appearance, it seems to me that it is a much smarter investment, the price differential seems very worthwhile, and my guess is that it is destined to blow the HP out of the water.