I'm currently using a docked Legion Go S Z1E for my bedroom TV and it's an eye sore. Plus I have to remember to turn it on before hopping in bed.
This gets me a device where I can access my Steam library of games for better performance compared to what I was using.
Plus, I can keep the controller on my nightstand, which I can use to boot up the device and TV.
I won't be playing AAA stuff on here and will be gaming at 1080p or 1440p on a 48" OLED from like 10-12 feet away.
I don't want a PC in the bedroom and neither does my wife.
Looks like I'll be paying for aesthetics, convenience, and a better experience than what I have now

Price increase sucks but that's the market for you. It is what it is.