We consider anything that you can extract from the drive by removing it security theater. Root or not doesn’t matter.
You’re right that physical access is game over for content in general. This is more about extracting sensitive data (like credentials/tokens to 3rd party sites).
All backend communication is done using mTLS, where the private key never leaves the TPM (on x86).
Moreover, we’re encrypting all sensitive data we send to the device using the corresponding public key. Thus even if you rip the drive out of the device, you won’t have much luck.