How and when do your components update in such an architecture?
From what I can tell, they do full page reloads when visiting a different page, and use Preact for building UIs using components. Those components and pages then get rendered on the server as typical template engines.
View triggers an event -> Controller receives event, updating the model as it sees fit -> Controller calls render to update views
Model knows nothing about controller or views, so they're independently testable. Models and views are composed of a tree of entities (model) and components (views). Controller is the glue. Also, API calls are done by the controller.
So it is more of an Entity-Boundary-Control pattern.