There's better options at this price point, I'm afraid.
Even buying an old tiny micro PC that's 10th gen Intel would've been a cheaper buy.
Yeah I understand I can get a much better gaming PC at much lower price point but that was kind of the point I was trying to make. I'm in a position where I'd happily pay more for convenience and I know many other people who feel the same way. I think there is a huge market here and this isn't a dead-on-arrival situation at all. Valve knows this.
This runs SteamOS and is an officially supported platform that, if it has legs, will be something developers may want to target as a platform and make sure their games work a la Steam Deck verification.
There's also potential for community fixes for older games with issues. And easier troubleshooting cause you can just look up "fix for X game Steam Machine", or "does X game work on Steam Machine"
There are advantages to this over something generic, or building your own machine.