I've always liked the convertibles (I have a Fujitsu P1510D, now too long in the tooth and I'm not using it). I'll wait for Bobcat, however. I'm waiting to see how it performs, then wait for the design wins. Maybe there will be an Inspiron Duo with it.
I don't think you missed anything apart from the opportunity to look at things without cynicism. Since you don't compare to anything in particular and don't compare any features other than "power" (presumably CPU) and bevel width, your statement is pretty meaningless.
This is a product that fits perfectly into the normal specs of netbooks and tablets today, so I guess I don't see the "underpowered" viewpoint. The unique swivel potentially fixes one of the weak spots on current convertibles (the single spin/flip hinge). And, I'm guessing you've never used a tablet, or have spent very little time using one. You NEED a wide bezel with a touch-based tablet, so you have somewhere to grip the unit while using, so you won't generate false touches. It's not an issue with pen-based digitizers, but if it's touch, you'll be thankful of the wide bezel (speaking from 10 years of tablet experience here). I mean, have you looked at the bezel of the "revolutionized the tablet market" iPad? It's wide for a reason.
This is a good concept. I am just worried about the hinges durability and the cable connection quility. If that stuff fails quickly, then i would say they would lose quite a few customers. I newver quite trusted laptops though.