You are right, but this is just the first open-weights model of this family.
They said that they will release several open-weights models, though there was an implication that they might not release the biggest models.
I'm totally fine with that, frankly. I'm blessed with 128GB of Unified Memory to run local models, but that's still tiny in comparison the larger frontier models. I'd much rather get a full array of small and medium sized models, and building useful things within the limits of smaller models is more interesting to me anyway.
Given that DeepSeek, GLM, Kimi etc have all released large open weight models, I am personally grateful that Qwen fills the mid/small sized model gap even if they keep their largest models to themselves. The only other major player in the mid/small sized space at this point is pretty much only Gemma.