The best thing here is, Apple is flexing. This is aimed at new users, which is obvious not just from the specs, but the promotional video, where Apple explains things that are no longer included in Mac presentations, like "send a message on your iPhone and continue the conversation on your Mac." This is meant to draw in people who don't use Apple, and once they try this and see how great it is to use macOS in a quality-made aluminum laptop and excellent keyboard+trackpad combo, the subliminal message is that this isn't even a "proper" Mac in that it uses a mobile phone chip. So Apple is basically saying "We run rings around your Windows machines using only the power of a mobile phone so imagine what a full Mac experience is like."
I think this will increase the sales of iPhones because once people new to Mac see what it's like, they'll want to complement it with an iPhone, if they don't already have one. So I expect a lot of Neos sold and a jump in market share for the default iPhone 16 / 17.