The $1099 1080p 21.5 iMac had MacBook Air processor with integrated graphics and nobody was recommending this one, it was so bad compared to just $200 more, 4K, desktop processors and always the same GPU that MacBook Pro 15 then 16 had, that may be the reason everybody expected new iMac get something better than M1, like guessing M1X something the same that MacBook Pro 16 gonna have, so M1 would be fine for $1099 one but that $1299 and even $1699 coming with the same chip that MacBook Air is surprising/disappointing to some, for years 21.5 could be configured with better performance than MacBook Pro 15 for less, it had the best value, price/perf now it just doesn't... So I hope this makes clear why some train of thinking could make them feel disappointed.
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