Yes, this new board is more of a Raspberry Pi replacement than an Arduino Uno replacement.

More specifically, I can see it trying to compete with things like those funny Chinese boards built around SoCs like SG2000. Those embed a Linux capable core, a small NPU, a camera interface with ISP and video codecs, and a secondary RTOS core for realtime control. Basically built for drones and simple robots. The caveat of those boards being: the documentations sucks, the SDK is wack, you get 3 example scripts and are entirely on your own outside that.

Qualcomm could be trying to branch into drones/robotics/etc with this move.