The implication is not that it is inadequate for content consumption, the implication is that it is too expensive given how old the tech it uses is. Ultimately the biggest thing that makes it a poor value at this point is the short support life someone buying it new today can expect. It could still be a decent value if bought on sale but definitely not at full price.
Sure, I can agree with this, and if I cared even a little about iOS updates support then the Air would make too strong of a case, I can see that.
My Air 5 runs and will run iPadOS 15 and my A16 runs and will run 18 so software support is the most irrelevant aspect for me, but I understand that 99% of iOS users disagree with this.
At the current price point I think you do have a point, stretching for the Air may be worth it.
That said, I have both like I said and the feature differences are irrelevant to me. Both are fine. But when judging my A16… I don’t care about iOS support because I don’t update, and I don’t care much about the processor and RAM because I don’t push my devices at all.
I need my Air to work with some note-taking apps and some content consumption apps and if the rest doesn’t work, I adapt. I don’t even have a Pencil for the A16 so I only need some apps.
If I were somebody who updates though… the 2019 iPad Air 3 got from iOS 12 to iPadOS 26; the 2019 iPad 7th-gen (released 6 months later) got from iPadOS 13 to iPadOS 18, so Sept 2019-Sept 2025 vs Mar 2019-Sept 2026. 1.5-year support difference. Not too bad.
Now the question is whether the M-series chipsets will change this aspect. Mar 2022 for the Air 5, iPadOS 15. The 2022 base iPad (10th-gen) is again starting with deficit (a 7-month one this time), Oct 2022, iPadOS 16.
We’ll see how the future fares, but if the 10th-gen again sees 5, it should be dropped with iPadOS 29 in 2028. We’ll see what happens to the iPad Air 5, which has zero precedent.