No, not the same at all. There are lots of LCDs with great viewing angles. It’s IPS after all. Here’s it’s a matter of degree. Judging by reports I had assumed the viewing angles would be the same. I will have to judge for myself though. One of the Macs I hated the most was the 11” MacBook Air because the viewing angles were bad. I guarantee the Neo won’t be anywhere near that bad, but if what the OP says is correct, it might be enough to sway some people.
I can understand no Display P3, no True Tone, etc. but worse viewing angles would be a disappointment.