This. There are many iPhone users who are not interested in Face ID or the price point of the iPhone X. Having the iPhone 8 still offers a middle ground iPhone that has the latest specifications and still retains touch ID.
This pretty much sums me up completely. I like Touch ID and like the design even if it is old. The new processor flies and I like the glass backing. For me it was a nice upgrade. I think Apple was correct to release it when they did. It allowed those of us who like it to get it when it was ready as opposed to just lumping all the new iPhones together to launch as one.