I can totally see many, many students and parents use that machine for daily tasks. Yes, base specs are pretty low: 8Gb RAM, 256 Gb drive - but the price tag is also low in the Apple world. I assume the trackpad will be excellent and the promise that the battery lasts all day is probably true (all day = 6-7h max). Good move from Apple, for once.
I also know many professionals who have a work computer and just want a personal device for occasional things like personal web browsing/shopping/occasionally watching videos -- things that would be inappropriate on a work computer and inelegant on a phone. These people already basically use their phone for everything -- many of them have never upgraded from their college laptop, which is now obsolete. They'd value a well-built (design, feel, screen) computer but have no performance needs.
A 2011 MBP is likely a better a general purpose PC, those early models had some great engineering. Wait for the reviews and benchmarks but the M1/M2 based MBPs are still great daily drivers.
