Hmm, you do have a few valid points.
For me, the Fold 7 does look nice. Albeit, I am not a social media user (X, Instagram, Facebook, Bluesky), and would only really benefit when watching YouTube (which I do quite often).
For the moment, I am still on the fence. I suppose, time will tell...
I don’t use social media either. For me, the benefit comes from websites that don’t format well to mobile and video content. This is where the iPhone Fold could be better than the Fold 7… The Fold 7 has a near square aspect ratio inner display that from what I have experienced with the pixel 9 pro fold, has similar format issues to mobile as it’s a non standard aspect ratio.
The iPhone Fold is rumored to have an aspect ratio similar to an iPad so it should function very similarly to an iPad… Apple is prioritizing the inner display functionality over having the outer display feel like a normal phone.