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Videos, music, photos, all of these add up fast. I have encountered plenty of family and friends needing help when their storage is exhausted.
Then there is the ever increasong bloat of software, web apps, etc. that chew through RAM.
If this isn't a daily driver, sure. It is fine. But for those where this is their only computer, this is a lot of money for an 'entry level' model that can't do as much.
And I bet I use my computer more strenuously than 90% of the population.
$200 Chromebooks are the kind my various teacher friends complain about because they're so shit that they even drive elementary school kids crazy.