Fair, but I could see Apple possibly making a Wi-Fi, Bluetooth, and thread chip, and a separate all that + cellular chip for iPhones, iPads, and maybe laptops (if they decide to go that way), instead of cellular by itself.
Still better value than iPhone 16e. iPhone 16 is only one year old, you can get excellent conditioned iPhone 16 with good battery health for same or lower than iPhone 16e.
And camera along will better than iPhone 16e or iPhone 17e.
If the 17e doesn't have the dynamic island, then what is the point of there being another "e" series phone that is otherwise the exact same phone as the 16e?