We're all over-thinking this and building up hopes for an innovative entry-level model that does not make sense in the Apple logic - entry-level uses older tech, has fewer features, is not as practical as it could be.
An XR-sized LCD, without side-mounted Touch ID (and only basic Face ID), with only one basic lens, BUT with the latest A chip (or last year's, given how the 14 and 14 Pro are not using the same anymore), and going for a price tag higher than it should sounds exactly what we will end up getting and be disappointed by next year.
Now we can go back to rumor-mongering about what the 15 Pro features it will/will not have!
An XR-sized LCD, without side-mounted Touch ID (and only basic Face ID), with only one basic lens, BUT with the latest A chip (or last year's, given how the 14 and 14 Pro are not using the same anymore), and going for a price tag higher than it should sounds exactly what we will end up getting and be disappointed by next year.
Now we can go back to rumor-mongering about what the 15 Pro features it will/will not have!