There are other options available to get into real next generation consoles at under $500. There’s also the option called patience. Like said I’ve seen Series X consoles for under $450 on second hand market places like Facebook.The only people who feel like this are people who aren't budget gamers and or just don't like the idea of the system or something else that isn't related to the actual value you get purchasing a series s as a consumer that doesn't want to spend 500 bucks or more.
On the flip side, it's a upgrade in every way possible from a Xbox one or a PS4
The Series S is a half measure. Never take a half measure. In the end such things usually end up costing you more.