An unfortunate series of events that this thing ended up with these specs at 1,049.00. It was supposed to be cheap and cheerful. At first Steam took an opportunistic deal to buy up a bunch of near-obsolete-already chips from AMD to build a low-cost box around. Then years of delays and an explosion in DRAM and SSD prices and here we are.
4 year old chip design on an equivalently old process node, not that unlike nvidia selling 2-3 year old chips as the spark. Thanks to AI boom, consumer market really just getting the warmed-over leftovers here from AMD and NVDIA.