I don't see anything misleading about this ad, nor any attack of the M1 in it. They are simply indicating the MacBook isn't a touch device and it does't fold. There is nothing misleading about this.
Do you like the concept or not is the only thing you need to reason on. Would I buy another Windows based device at this point? Nope. The last $1200 system I bought from Lenovo was so badly flawed even my wife nit picked it (she never does this). It folded into a "tablet" and all that other stuff, but it failed to do basic tasks without some major complications.
But again, nothing in this ad attacks the M1 .... or Apple for that matter.