A used M1 or M2 MBP with 256GB storage and 16GB RAM for $600-700 will be a better product and offer long term value.
Why compare used prices? Getting an older-but-possibly-better model used/refurb/surplus is a money-saving option with pretty much every computer purchase, yet people still buy new computers. Also, a lot of those M2 MBPs will only be 8GB anyway.
Anyway, the A18 Pro is a newer design and faster in single-core tests than the M1 and M2 (which is going to be significant for the sorts of lower-end jobs these will be used for).
As soon as you will want to do video editing, explore on device AI or pass it down to a child to play games on, limits will be hit.
I think you might be surprised by the number of people who never, ever do those things on their computer. And I bet it will be able to play a few games - not that
any Mac is s sought-after games machine.
All other base level Macs come with 16Gb memory and 256Gb storage. Have Apple finally accepted that new machines really should come with 16Gb memory, or have they found that Apple intelligence needs the greater memory?
Well, Apple
ought to be able to offer at least 16GB/256GB in a $600 computer - which is still only "cheap" by Apple standards - but I rather expect this will have 8GB RAM, simply because that's what the iPhones with the same processor get & there will be economies of scale in using the same chips. Not celebrating that - just assuming that Tim Cook hasn't been replaced by an alien pod person... It will probably be OK for the market that this is aimed at.
128GB SSD would be pretty dismal but I wouldn't be surprised.
It's never going to make much sense to BTO upgrade the RAM and SSD on this or you'll be in MacBook Air territory.
It would be nice to think that, by introducing A-series processors as a lower-end alternative to M-series, Apple will be able to stop using low base RAM/SSD specs and artificially hight upgrade prices to delineate their low-end models & we'll
at least see 512GB base SSDs and cheaper 32GB options on the M-series Macs. Not holding breath.