I haven't tried it myself, and wouldn't pay that much for a phone, all I can say is the reviewers all seem to think the experience is good so the tech should have a future even though this product is just a first attempt.
I think your criticism applies to FaceID and the notch though. Zero problems solved over fingerprint scanners on the back of a phone, massive cost, looks terrible, animoji is a novelty, and I have the inconvenience of having to take out my phone, look at it, and swipe just to unlock it.