Nothing refreshing about this. Their mid range Raspberry Pi Zero used to be $5, now they are giving you an underpowered microcontroller for the same price. You can get Pico 2 sized individual boards for less than $2 in Asia.
$1.10 for a dual core Cortex-M33 with 2MB flash and 512KB is a bargain in 2024 compared to other MCUs available at this time, at least in terms of prices that you'll be able to get as a regular consumer in the US. The only other chip that even comes close is the ESP32.