The only one of those choices I disagree with is no Touch ID in the base spec. Otherwise, good corners to cut to get to the cheap price point.
I would say "No keyboard backlighting" is a true show-stopper for a huge portion of the target audience (students).
I think different people will have one feature they feel should have been kept (other than the ram which is universal). For me not so much the Touch ID but the backlit keyboard.
Agree on the Touch ID. Love that feature for passwords etc.
Not terribly happy about the USB 2.0 port as well
I bet there are some paranoid people out there who will love that no touch-ID means no way for law enforcement to compel you to unlock the device.
Since it's just $100 to get 250 -> 500 GB and Touch ID, I think it's okay.
It means people who need the cheapest computer can get it, and people who want to upgrade pay a small amount and get all the upgrades in a package without jumping up to the MacBook Air, etc. for much more.