Yes, but it runs full desktop Linux. Plug it into a monitor/keyboard/mouse and you suddenly have a full Linux desktop. No other phone can do that out of the box, not even the iPad.
It stands for more than specs. It's a bold move, like the original iPhone was in 2007. Sure, the iPhone 2g was junk, but it was totally different to anything else out there. Look where continued investment took it.
As for a phone that sucks as a phone, I think many smartphones today qualify. Nobody can hear me on my iPhone X, but I don't make phone calls anymore so I'd rather get battery life back. The Galaxy Notes are so comically large you might as well hold a tablet up to your ear.