A nice machine let down by white bezels, older connectivity (lightning), screen size…
I think they could have made improvements in these other places other than the CPU and had a machine that would make a great proposition for many to upgrade.
For the target user of this device, M3 doesn’t really bring much to the table.
IMac used to be about exciting design for those wanting a first Mac, someone just wanting a nice PC for family use etc.
The price is way too high. You’d be better off getting base Mac mini and spending the saved money on a really great monitor, keyboard and trackpad/mouse… and still have money left over.