You say you played like 10 min? I played the iPhone 14 Pro Max in store for about an hour, and I still don't think I can give this phone a fair chance without installing my apps and applying my usage to it. Idk how "comprehensive" and "honest" your "review" can be with such limited trial period. Even MKBHD can't release a video showing how good/bad the phone is within a few minutes. "Impression" is not the same as "full review".
Camera issue? An issue that surfaces in third party social media app that is not installed on demo devices? I don't see it in those whatever iOS 16.0 Apple put on those devices using stock camera app.
Price "not a big deal"? Other part of the world doesnt exist? USA carrier trade-in is insane, but not so much for the rest of the world. In Australia for example, you can only get up to 50% trade-in value from Apple for top of the line iPhone 13 Pro Max for top of the line iPhone 14 Pro Max. I'd argue this is not great comparatively. Not to mention tons of people who is going to buy the device outright because of incompatible contract, no valid offer, personal situation etc etc etc (cough, temporary visa holders, cough).
I don't even want to mention the "much lower" pill-hole, which is not only factually false, but also way too much exaggeration than it should've been. I personally compare the pill-hole with my iPhone XS Max, and while it is lower, it's not that much. It's not like the pill-hole is in the center of screen or something. As for watching video, sure, having a hole in the middle is annoying, but then you are not watching a movie on a phone with such tiny screen to enjoy some home studio quality, so I assume people just learn to mentally check out that hole or use other devices to watch (such as, an iPad Pro) if hole is an eyesore.
While iPhone 14 Pro Max can be a meh upgrade for a lot of people, the reasons mentioned in the OP is just not strong or outright wrong.
As for always-on display, it looks cool, but I can't say anything more than that. Wish it could be a bit dimmer though.