you are being charged extra for the ability to use today what will be common and very inexpensive compared to Apple's 5 years after it comes out. So this new monitor is giving you access to something you will be able to buy for about $600 5 years from now. And for that you need to pay Apple extra for hogging the supply chain and swallowing up new technologies for years before others get access to them.
*cough* That panel is an evolution of what Apple has put in their 27" iMac for years already and nothing else. There is absolutely nothing groundbreaking about it in 2022. There's still a lot of rather unique and very neat aspects to it (PPI, coatings, half-decent factory calibration, brightness) but ahead of the curve it most assuredly absolutely definitely isn't, and it's not exactly on par with comparably priced or even cheaper displays for just about everything else display related.