"It promises next-gen features at a price that guarantees compromises were made on the core components."
The '500mm/s High Speed' spec refers to the maximum travel speed of the print head, not a sustainable speed for quality printing. Expect to halve that number for usable results on anything but simple infill.
This printer is for a beginner who values a quick, automated setup process and a large build volume above all else. They must understand that the $199 price buys a capable single-color printer, and that multi-color printing is a future, extra-cost upgrade.
Anyone expecting a multi-color printer out of the box for $199 should look elsewhere, as this core feature requires an add-on. Users who need extreme reliability and print quality for functional parts will find the budget construction and unproven firmware a liability.