I totally disagree; I was pleasantly surprised with the Studio and enthusiastically ordered one immediately. My use case benefits from higher core counts and powerful graphics and its for my business, so the cost is a write off. I currently have 16-core and 28-core Mac Pro and my new 16" M1 Max is faster than the 16-core on many tasks and even faster than the 28-core on some. Based on that, I expect the Ultra version I ordered will easily match or best my 28-core Mac Pro and at 1/3 the cost. That's remarkable. The entry machines are very reasonable for the performance you will get as well. They are clearly selling extremely well as delivery dates are already stretching out several months now.
As for the display, I did order one for my wife to use to replace her LG UltraFine 27". That monitor sold for $1299 and this new one has vastly upgraded specs and capabilities, so I think it's a pretty good deal. Yes, the height-adjustable stand should have been included but that's not a huge issue IMO. I would prefer 32" but if you want a high-dpi 32" screen it's just going to be expensive, period, and they have a monitor that covers that market. Besides, if you want a lower-cost lower dpi monitor there's tons of cheap choices. Apple doesn't sell cheap/low quality products, especially mass commodity ones, so again no surprise the monitor isn't targeted at that market.