It's objectively a terrible deal. It has console specs for double the price of a console.
In fact you could literally just buy a separate PS5 and Macbook Neo and spend less than most Steam Machine configurations, so even the "it's also a computer" selling point is not that big of a deal.
Dear god, when Valve sells a computer that's twice the price of a comparable Mac, the world's turned upside down.
Comparable Mac, except for you know, all the game support.
Depending on the games and how much you're willing to pay for them, the price point shift very fast.
No steam sales on consoles after all