I honestly don't know, but I think if they are trying to slot this into a new low entry price point, it will be gimped in ways we've never seen or thought about. They could be some strange ones even.
On the other hand, the 2018 Mac mini started at $799, and today’s Mac Mini starts at $599 retail… and even less if you’re going refurbished. I’ve seen the previous generation Mac mini directly from Apple for as low as under $400, literally less than half of the starting price of the 2018 Mac mini, and that machine is not compromised in any way.
Likewise, in 2016 the cheapest 10-11 inch iPad from Apple was $499. Then they introduced the budget iPad and now you can frequently get the iPad 11 for $249, again with pretty much no compromises.
I truly don’t understand where this nefarious plot that the MacBook is going to be horrifically awful comes from, at worst it’s going to be boring and have the compromises you would expect it to. Smaller, lower resolution display, iPhone chip, crappy speakers and microphones probably taken straight from the old M1 Air, maybe a crappier webcam.
Other than that, it will just be a MacBook. If there is any big disappointment, it will probably be that the price is closer to $800 than $500, but that’s pretty much to be expected.
But all these ridiculous conspiracy theories are just stupid, Apple doesn’t even restrict the software of the basic iPad anymore. Stage manager? Available on the iPad 11. Final Cut Pro and logic Pro? Available on the iPad 11. Full multitasking with windowed mode support? Available on the iPad 11. When it comes to software restrictions, the $250 iPad is exactly the same as the $2500 2TB iPad Pro.
The same will be true with the Mac, just like it already is. The $500 Mac Mini and the $12,000 MacPro run the identical version of macOS.