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Is this the future of Windows?
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That's really steep for what you're getting, I think. As a "PC Replacement" at home I can see there being a place for this. If you don't need local compute, why not stream it. Steam Link was $50 and has the same basic concept, except for games.
Yeah, I think $349 is too much. You can get a MiniPC on Amazon for like $250 and that'd include a recent (low-power) CPU, 16GB of RAM and 512GB of SSD. So way more for $100 less, and you don't even need additional cloud subscriptions.