What it gives you is the ability to show more status info up top. Perhaps now people can get the battery life percentage if they want.
Whilst people don’t like the notch, people have to realise that there are limitations to the technology ability right now. Can you put the sensors under the display without an unsightly discolouration of the display today, and manufacture such a display in the volumes needed for an iPhone to consistent quality and a reasonable price? I’d suggest the answer is ’not yet’. We just have to be a little patient for the tech to get there.